People, Positions and Obituaries · 4 February 2026
Vinay Muralidhar Tonse Appointed as MD & CEO of YES Bank
Exam-focused facts from the 4 February 2026 current affairs briefing.
Key facts
- The Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the Managing Director (MD) and Chief Executive Officer (CEO) of YES Bank.
- The appointment is for a tenure of three years, effective from the date he assumes charge.
- The appointment is subject to the approval of the shareholders of the bank.
- Tonse will succeed Prashant Kumar, whose current extended tenure as the MD & CEO is scheduled to end on April 5, 2026.
- Tonse previously served as the Managing Director (Retail Business & Operations) at the State Bank of India (SBI) until November 30, 2025.
- The bank confirmed that Tonse is not debarred from holding the office of a director by any order of the Securities and Exchange Board of India (SEBI) or any other authority.