YES BANK has announced that the Reserve Bank of India (RBI) has approved the appointment of Vinay Muralidhar Tonse as Managing Director and Chief Executive Officer of the private sector lender for a term of three years, subject to the approval of the bank’s shareholders.
The RBI issued its approval on February 3, 2026, confirming that Vinay Tonse will assume the role of Managing Director and Chief Executive Officer of YES BANK for a period of three years from the date he formally takes charge. The appointment will only become effective once the shareholders of the bank convey their consent, following the completion of all regulatory and statutory formalities.
Vinay Muralidhar Tonse previously served as Managing Director – Retail Business and Operations at State Bank of India (SBI) until November 30, 2025. With extensive experience in large-scale banking operations, Tonse is expected to bring his expertise to YES BANK to strengthen growth strategy, ensure operational stability, and provide leadership continuity.
According to the bank’s filing, Tonse’s Director Identification Number (DIN) is 06695367, and he is not debarred from holding a directorial office by any order from the Securities and Exchange Board of India (SEBI) or any other authority.
This leadership change is a significant step in YES BANK’s structured management transition, aimed at reinforcing executive leadership and guiding the bank through its next phase of growth. Tonse’s experience in managing retail banking operations at one of India’s largest banks positions him well to oversee YES BANK’s strategic initiatives and operational functions.
The appointment reflects the bank’s commitment to ensuring structured leadership continuity, bolstering its operational strength, and driving its long-term growth plans. The decision also aligns with YES BANK’s broader goal of strengthening governance, enhancing shareholder value, and maintaining stability in its leadership team during a critical phase of its development.
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