Vinay Muralidhar Tonse appointed MD & CEO of Yes Bank

Yes Bank has announced the appointment of Vinay Muralidhar Tonse as its Managing Director & CEO, effective April 6, 2026, following the completion of Prashant Kumar’s tenure.

The bank, in a regulatory filing, confirmed that Kumar has stepped down from his role as MD & CEO and Director as of April 5, 2026.

Tonse’s appointment is for a term extending until April 5, 2029, subject to shareholder approval and conditions set by the Reserve Bank of India. The bank also noted that he is not debarred from holding the office of a director by any regulatory authority.

A seasoned banker with over three decades of experience, Tonse brings extensive expertise across retail and corporate banking, international operations, treasury, and rural banking. Prior to this role, he served as Managing Director (Retail Business & Operations) at the State Bank of India, and has also held leadership positions including MD & CEO of SBI Mutual Funds and head of SBI’s Chennai Circle.

As he steps into the role, Tonse is expected to steer the bank’s next phase of growth, with a focus on strengthening its core pillars—people, products, processes, and technology—while driving sustainable and profitable expansion.