YES Bank has secured approval from the Reserve Bank of India to appoint Vinay Muralidhar Tonse as the bank’s Managing Director and Chief Executive Officer for a three-year term, effective from the date he formally assumes office. The appointment remains subject to approval by the bank’s shareholders.
The bank had previously approached regulators regarding leadership succession while the current MD & CEO, Prashant Kumar, continues to serve during his extended tenure, as disclosed in stock exchange filings.
Before joining YES Bank, Tonse served as Managing Director – Retail Business and Operations at the State Bank of India until November 30, 2025. The bank also confirmed that Tonse is not barred from holding a director’s position by SEBI or any other regulatory authority, in accordance with compliance requirements.
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