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, formerly MD of Retail Business Operations at State Bank of India until November 2025, will succeed Prashant Kumar, who is serving an extended term. His appointment aligns with Yes Bank's focus on stabilizing leadership, reviving loan growth, and strengthening operational ties with major shareholder Sumitomo Mitsui Banking Corporation. The bank recently reported improved profits and asset quality amid ongoing strategic transitions.