The Reserve Bank of India (RBI) has approved Vinay Muralidhar Tonse as the new Managing Director and CEO of Yes Bank for a three‑year term. He will succeed Prashant Kumar, whose extended tenure ends in April 2026.
Tonse, a former SBI Managing Director, brings extensive experience in retail banking and operations. His appointment is subject to shareholder approval and aligns with Yes Bank’s plans to strengthen governance, expand services, and boost customer outreach.
The market reacted positively to the news, with shares drawing investor attention following the announcement. Yes Bank confirmed that Tonse meets all regulatory requirements and is not barred by any authority from holding the position.
This leadership change comes as Yes Bank continues to implement strategic growth initiatives and leverage past restructuring efforts, including backing from global partners.
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