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es Bank has announced the appointment of Vinay Muralidhar Tonse as its new Managing Director & Chief Executive Officer, effective April 6, 2026. He succeeds Prashant Kumar, with a brief transition period as MD & CEO Designate from March 12 to April 5, 2026.
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Yes Bank Limited has officially disclosed the appointment of Vinay Muralidhar Tonse as its next Managing Director & Chief Executive Officer. The Reserve Bank of India approved his appointment for a three-year term, marking a significant leadership transition for the private sector lender.
Key Highlights
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Vinay Tonse will serve as MD & CEO Designate from March 12 to April 5, 2026, ensuring a smooth transition before formally assuming charge on April 6, 2026.
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He succeeds Prashant Kumar, who will step down on April 5, 2026.
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Tonse brings over three decades of banking experience, having started his career with State Bank of India in 1988.
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His most recent role was Managing Director (Retail Business and Operations) at SBI, overseeing nearly 23,000 branches and Rs. 76 lakh crore in business.
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He has held diverse leadership positions including CEO of SBI Osaka Branch, MD & CEO of SBI Mutual Funds, and Chief General Manager of SBI Chennai Circle.
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His expertise spans corporate credit, treasury operations, international banking, equity portfolio management, and retail banking.
This leadership change is expected to strengthen Yes Bank’s strategic direction and operational efficiency, leveraging Tonse’s extensive experience in India’s largest bank.
Sources: Yes Bank filing with NSE and BSE, SEBI (LODR) disclosure.
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