RBI Approves Vinay Muralidhar Tonse as Yes Bank MD and CEO for Three Years

The Reserve Bank of India has approved Vinay Muralidhar Tonse as the new Managing Director and CEO of Yes Bank for a three-year term, subject to shareholder approval. Tonse, who retired as Managing Director of Retail Business Operations at State Bank of India in November 2025, will succeed Prashant Kumar, whose extended term ends in April 2026. This leadership change aims to support Yes Bank's growth and operational stability. The appointment has drawn market attention, with Yes Bank recently reporting improved financial results.