Yes Bank Ltd. has appointed Vinay Muralidhar Tonse as its new Managing Director (MD) for a three-year tenure, starting from the date he officially takes charge. The appointment follows approval from the Reserve Bank of India (RBI). Previously, Vinay Muralidhar Tonse was with the State Bank of India, where he served as Managing Director for Retail Business and Operations until November 30, 2025.
The bank had been looking for new leadership to drive its growth plans following the extended term of current MD & CEO Prashant Kumar.
YES BANK Limited is an India-based commercial bank, which offers a range of products, services and technology-driven digital offerings to its corporate, retail, and small and medium-sized enterprises (SME) customers. The Company’s segments include Treasury, Corporate / Wholesale Banking, Retail Banking and Other Banking Operations. Its Treasury segment includes investments, all financial markets activities undertaken on behalf of the Bank’s customers, proprietary trading, maintenance of reserve requirements and resource mobilization from other banks and financial institutions. Its Corporate / Wholesale Banking segment includes lending, deposit taking, and other services offered to corporate customers. Its Retail Banking segment includes lending, deposit taking, and other services offered to retail customers. It also includes digital banking business. Its Other Banking Operations segment includes para banking activities like third party product distribution, merchant banking and others.
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ESG MSCI
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