RBI Approves Vinay Muralidhar Tonse as MD & CEO of YES BankOn February 3, 2026, the Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank for a term of three years. His appointment is further subject to Shareholder approval.
- He will succeed Prashant Kumar, whose tenure is scheduled to end in April 2026.
About Vinay Muralidhar Tonse:
Profile: He is a banker with over three decades of experience in Indian and international banking. He has worked across multiple business lines and held senior leadership roles in banks such as State Bank of India (SBI).
Career: In 1988, he joined SBI as a Probationary Officer (PO) and spent over 30 years rising through banks.
Leadership Positions: He worked as Deputy MD at SBI and looked after the Corporate Accounts Group (CAG), managing relationships and credit facilities for large corporate clients.
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- He served as MD & CEO of SBI Funds Management Limited (SBI Mutual Fund), the asset management arm of SBI.
- He also served as the Managing Director (MD) (Retail Business & Operations) until 30 November 2025.
About Yes Bank:
Founded in 2003 by Rana Kapoor and Ashok Kapur, YES Bank received its banking licence from the Reserve Bank of India (RBI) in May 2004 and is headquartered in Mumbai, Maharashtra.
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