Board approves Sai Venkataramana Kosuri as Chief Vigilance Officer for three years
Yes Bank has appointed Mr. Sai Venkataramana Kosuri as Chief Vigilance Officer (CVO) and Senior Management Personnel, effective November 25, 2026, for 3 years.
By ScoutQuest · · 2 min read
- Appointee
- Mr. Sai Venkataramana Kosuri as Chief Vigilance Officer (CVO) and Senior Management Personnel
- Effective Date
- November 25, 2026
- Tenure
- 3 years till November 24, 2029
Who is moving where
- Mr. Sai Venkataramana Kosuri, currently Head Legal – Retail and Business Banking, has been appointed Chief Vigilance Officer (CVO) and Senior Management Personnel (SMP) of the Bank with effect from November 25, 2026.
- Mr. Harish Sehgal, who was holding charge as Interim CVO from September 16, 2026, demits that office with effect from November 24, 2026 end of business hours.
- Mr. Sehgal continues and is re-designated as Head – AML & Principal Officer of the Bank, and ceases to be classified as an SMP.
How the decision was taken
The appointment was approved by the Board of Directors at its meeting held on October 17, 2026, on the recommendation of the Nomination and Remuneration Committee.
Tenure of the new CVO
Mr. Kosuri is appointed as CVO for a period of 3 years from November 25, 2026 till November 24, 2029, and will discharge responsibilities exclusively in the capacity of Chief Vigilance Officer from that date.
Background of the incoming CVO
- Over 22 years of legal experience across banking and financial services, covering retail and branch banking, retail assets, business banking, debt management, collections and regulatory matters.
- Currently leads the legal function for the Retail and Business Banking businesses at YES BANK.
- Spent over a decade with HDFC Bank as Head Legal & Senior Vice President – Retail Assets & Debt Management.
- Earlier National Legal Manager with Centurion Bank of Punjab, and began his career with GE Capital as Manager – Legal & Collections.
Why this matters to retail investors
The Chief Vigilance Officer is the senior officer handling the bank's vigilance function, which includes oversight of internal conduct and fraud-risk matters. The post had been filled on an interim basis after the earlier CVO, Mr. Binu Soman, resigned; a full-time appointee now takes charge for a fixed three-year term. The AML and Principal Officer responsibilities stay with Mr. Sehgal, so those functions remain assigned within the Bank.
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More numbers
- Term of appointment as Chief Vigilance Officer3 years
- Legal experience of incoming Chief Vigilance Officerover 22 years
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