Yes Bank Appoints New Managing Director and CEO
Yes Bank Ltd announced key leadership changes, confirming the stepping down of Mr. Prashant Kumar as Managing Director and Chief Executive Officer (MD & CEO) and the assumption of duties by Mr. Vinay Muralidhar Tonse as the new MD & CEO.Mr. Prashant Kumar, with DIN: 07562475, demitted the office of MD & CEO of the Bank on April 05, 2026, upon completion of his tenure, thereby ceasing to hold the roles of MD & CEO and Director of the Bank.
Effective April 06, 2026, Mr. Vinay Muralidhar Tonse (DIN: 06695367) assumed charge as the Managing Director & Chief Executive Officer. His appointment carries terms and conditions, including remuneration, which have been approved by the Reserve Bank of India and are subject to the shareholders' approval of the Bank.
The tenure for Mr. Vinay Muralidhar Tonse as Managing Director & Chief Executive Officer is noted as being from April 06, 2026, to April 5, 2029. Furthermore, it was confirmed that Mr. Vinay Muralidhar Tonse is not debarred from holding the office of a director by any order of SEBI or any other such authority.
The details of the change in management are summarized below:
| Particulars | Former MD & CEO | New MD & CEO |
|---|---|---|
| Name | Mr. Prashant Kumar (DIN: 07562475) | Mr. Vinay Muralidhar Tonse (DIN: 06695367) |
| Reason for change | Cessation due to completion of tenure | Appointment as Managing Director and Chief Executive Officer |
| Cessation/Appointment Date & Term | Cessation - April 05, 2026 | Appointed as MD & CEO with effect from April 06, 2026 to April 5, 2029 |
Profile of New MD & CEO
Mr. Vinay M. Tonse possesses extensive experience in the banking sector. Prior to this appointment, he served as Managing Director (Retail Business and Operations) at State Bank of India (SBI) from November 2023 till November 2025. During his tenure at SBI, he oversaw the entire domestic network, which comprised nearly 23,000 branches and an employee strength of around 2,33,426. The business levels managed reached Rs. 76 lac crore as of November 30, 2025.Mr. Tonse holds a B.com from St. Joseph College of Commerce, Bangalore, and a Master's in Commerce from Bangalore University. His career commenced at SBI in 1988 as a Probationary Officer, during which time he served in various geographical locations both in India and abroad, managing several business functions. His expertise spans Corporate Credit, International Banking, Treasury Operations, Equity Portfolio Management, Retail Banking, Training, and Agriculture and Rural Banking.
Additional assignments held by Mr. Tonse include serving as Managing Director & CEO of SBI Mutual Funds (June 2020 to December 2022), and previously heading the Chennai Circle of SBI as Chief General Manager (June 2018 to June 2020). His earlier roles at SBI also involved positions such as:
- Credit/Forex- Offshore Banking Unit in Singapore
- Member of Faculty at the apex level State Bank Staff College at Hyderabad
- Head, Treasury Marketing Unit at Bangalore
- Chief Executive Officer, SBI Osaka Branch, Japan (August 2009 to June 2013)
- Deputy General Manager, Equity & Commodities (Global Markets), Corporate Centre, Mumbai (June 2013 to November 2016)
- General Manager, Corporate Accounts Group, Branch BKC, Mumbai (November 2016 to June 2018)
- Chief General Manager, Chennai Circle, managing a network of 1,260 branches in Tamil Nadu and Puducherry
- Deputy Managing Director, Corporate Accounts Group, State Bank of India, Corporate Centre, Mumbai
YESBANK Stock Price Movement
YES BANK LIMITED shares currently trades at ₹17.87, showing no change for the day while trading with moderate activity. The stock is currently positioned within its 52-week trading range, holding above the 52-week low of ₹16.16.Source:
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