Prashant Kumar Joins L&T Finance As Independent Director

Prashant Kumar has been appointed as an Independent Director (Additional Director) of L&T Finance Limited for a first term of five (5) consecutive years, effective July 10, 2026, subject to the approval of the shareholders.

Kumar is a banking professional with over four decades of experience across State Bank of India and Yes Bank. He played a key role in leading the reconstruction of Yes Bank in 2020 as CEO & MD, focusing on liquidity management, governance strengthening, and business restructuring. Before this, he held senior leadership positions at SBI, including CFO, Deputy MD (Human Resources), and Chief Operating Officer (COO). He has expertise in risk management, regulatory engagement, capital allocation, and institutional transformation. He has served on the Boards of SBI Cards, SBI Cap Securities, SBI Foundation, Indian Institute of Banking and Finance, and Clearing Corporation of India. He holds degrees in Science and Law from Delhi University.

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