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RBI approves Vinay Tonse as MD & CEO of YES Bank for 3-year term

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RBI approves Vinay Tonse as MD & CEO of YES Bank for 3-year term
Vinay Muralidhar Tonse

Vinay Muralidhar Tonse
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The Reserve Bank of India (RBI) has approved the appointment of SBI Managing Director Vinay Tonse as YES Bank’s new Managing Director and CEO for a three-year term, according to a regulatory filing.

“Prashant Kumar, the current MD/CEO of the Bank, is serving his extended tenure. Considering his preferences and the Bank’s strategic objectives, YES Bank sought regulatory clearance for new leadership. The Reserve Bank of India approved Vinay Muralidhar Tonse’s appointment as MD & CEO through a letter dated February 3, 2026, effective from his assumption of office,” stated YES Bank in the exchange notice.

Tonse’s appointment remains subject to shareholder approval at YES Bank.

Published on February 3, 2026

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