YES Bank gets RBI nod to appoint new MD, CEO
YES Bank just got the green light from RBI to appoint Vinay Muralidhar Tonse as its new MD and CEO for the next three years.
He'll be stepping in after Prashant Kumar, who is currently in the midst of his extended term.
Tonse brings nearly 4 decades of experience from SBI
Tonse brings nearly four decades of experience from State Bank of India, where he's handled everything from corporate credit to international banking.
His steady hand and deep industry knowledge could really help steer things forward.
Tonse's journey at SBI
Tonse started his journey at SBI way back in 1988 as a Probationary Officer and has since held big roles like MD-CEO of SBI Funds Management and CEO of SBI's Osaka branch.
His track record shows he knows how to handle high-stakes situations—exactly what YES Bank needs right now.
Transition of leadership
He's taking over from Prashant Kumar, who is currently in the midst of his extended term.
Tonse will have some big shoes to fill as he leads the next chapter.