YES Bank appoints new MD, CEO
YES Bank has picked Vinay Muralidhar Tonse as its next Managing Director and CEO.
He'll be warming up in the role from March 12 to April 5, 2026. If shareholders agree, he officially takes over for three years starting April 6.
Leadership change to boost growth and improve services
This leadership change is part of YES Bank's plan to boost growth and improve services for customers.
Outgoing chief Prashant Kumar helped stabilize the bank after some tough years.
Tonse is expected to build on that momentum and take things forward.
Tonse comes with decades of banking experience
Tonse comes with serious banking experience: he most recently served as Managing Director (Retail Business and Operations) at State Bank of India.
He has more than three decades of experience and has worked his way up through several leadership roles, bringing decades of know-how to YES Bank.
Prashant Kumar's tenure and contributions
He'll be taking over from Prashant Kumar, who wraps up his term on April 5 after guiding YES Bank through a crucial recovery phase.