Vinay Tonse is stepping into one of the biggest roles in Indian banking. On February 3, 2026, the Reserve Bank of India approved his appointment as Managing Director and CEO of YES Bank. He takes over from Prashant Kumar when the current term ends on April 6, 2026. Vinay Tonse will serve a full three-year term.
YES Bank shares reacted well to the news. They climbed over 1% soon after the announcement. Investors see Vinay Tonse as a safe, experienced hand coming from India’s largest bank.
Vinay Tonse brings more than 35 years in banking. Almost all of it was spent at State Bank of India. He started as a Probationary Officer in 1988 and rose through key posts.
Vinay Tonse background
| Category | Details |
|---|---|
| Education | B.Com & M.Com (St. Joseph’s College & Bangalore University), MBA (SPJIMR) |
| Early Career | Joined SBI in 1988 as Probationary Officer |
| Top SBI Roles | MD – Retail Business & Operations (until Nov 2025), DMD – Corporate Accounts |
| Subsidiaries | MD & CEO, SBI Mutual Fund (2020–2022) |
| International | Country Head – US Operations, Regional Head – East Asia (Hong Kong) |
| Major Achievements | Led merger of 5 associate banks + Bhartiya Mahila Bank with SBI; pushed YONO digital platform |
| Special Assignment | 5 years (2001–2006) on deputation to Ministry of Textiles (WTO & trade policy) |
Vinay Tonse played a big part in SBI’s smooth associate bank merger and in growing the YONO app into a strong digital tool.
Outside work, Vinay Tonse loves wildlife. He’s a serious photographer who travels widely to capture nature and different cultures.
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The move to YES Bank marks a fresh chapter for Vinay Tonse. Markets and customers are watching to see how his deep experience shapes the private lender’s next phase.
Sources & References
- https://m.economictimes.com/industry/banking/finance/banking/rbi-approves-vinay-muralidhar-tonses-appointment-as-md-and-ceo-of-yes-bank/articleshow/127899010.cms#:~:text=Taking%20into%20account%20his%20preferences,transition%20at%20the%20top%20level.
- https://www.exchange4media.com/people-movement-news/yes-bank-names-vinay-muralidhar-tonse-as-md-ceo-following-rbi-nod-151659.html#:~:text=Vinay%20Muralidhar%20Tonse%20has%20been,Bank%20of%20India%20(RBI).
- https://blinkx.in/insights/vinay-tonse#:~:text=is%20Vinay%20Tonse-,Vinay%20Tonse%20serves%20as%20the%20Managing%20Director%20for%20Retail%20Business,innovative%20financial%20products%20and%20services.
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
