Ajay Rajan has been appointed as the Country Head – Transaction Banking, Government, MNC & New Economy Business, IFSC Branch & Knowledge Unit at YES BANK. In this expanded leadership mandate, Ajay will oversee the bank’s transaction banking operations, deepen partnerships with government bodies and multinational corporations, and lead strategic initiatives focused on India’s rapidly evolving new economy sectors. Additionally, he will be responsible for steering the bank’s IFSC Branch and Knowledge Units, placing him at the helm of key verticals critical to the bank’s corporate and institutional banking strategy.
Ajay has been an integral part of YES BANK for over seven years, having held a series of senior leadership positions. Most recently, he served as Country Head – Government, MNC & International Business, Transaction Banking & Knowledge Units. In this role, he managed end-to-end business relationships and cross-selling opportunities across government, multinational, and international banking segments. He also led the bank’s corporate digital platforms and strategic alliances with fintechs, PE/VC firms, and other business influencers.
His earlier responsibilities at YES BANK included driving the product P&L across Trade Finance, Cash Management, Supply Chain Finance, Capital Markets, Custodial Services, Bullion, and Forex services. Ajay has also led two of YES BANK’s most prominent advisory arms—FASAR (Food and Agribusiness Strategic Advisory and Research Group) and CGA (Corporate and Government Advisory)—delivering deep sectoral insights and advisory capabilities to corporate and government clients. His approach has been rooted in leveraging public digital infrastructure for inclusive financial growth and innovation.
Before joining YES BANK, Ajay spent more than two decades at Deutsche Bank, holding key leadership positions such as Global Head of Fintech and Head of MNC Business – India. He brings with him rich expertise in digital banking transformation, knowledge banking, and global transaction banking. His association with strategic platforms like the Indian Bank Blockchain Infrastructure Company (IBBIC) and the Fintech Convergence Council further reinforces his position as a forward-looking banking leader deeply involved in shaping the financial ecosystem.
Ajay Rajan’s elevation into this critical role marks a continued commitment by YES BANK to strengthen its leadership team with professionals who bring not only experience but also a future-ready vision. His depth of experience across global and domestic markets, coupled with his strong understanding of financial technology and policy, is expected to significantly contribute to YES BANK’s positioning in corporate, government, and new-age business banking.