The Reserve Bank of India (RBI) has approved the appointment of SBI MD Vinay Tonse as the new MD, CEO of YES Bank for three years. Tonse’s appointment will be subject to the approval of the shareholders of YES Bank.
YES Bank said in an exchange filing that keeping the preferences of Prashant Kumar, the current MD/CEO of the Bank and the Bank’s growth needs in perspective, the Bank had sought regulatory approval from the Reserve Bank of India for new leadership.
“Prashant Kumar, MD/CEO of the Bank, is currently in the midst of his extended term. Keeping his preferences and the Bank’s growth needs in perspective, the Bank had sought regulatory approval from the Reserve Bank of India for new leadership. In this regard, we would like to inform you that RBI vide its letter dated February 3, 2026 has approved the appointment of Mr. Vinay Muralidhar Tonse as MD & CEO of YES BANK Limited for a period of 3 years w.e.f. the date of taking charge,” YES Bank said in the exchange filing.
Prior to this, Vinay Tonse served as managing director (Retail Business & Operations) at State Bank of India (SBI) until November 30, 2025. With decades of banking experience, Tonse brings deep expertise in retail lending and operations, Yes Bank said.
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