Vinay Tonse Takes Charge as Yes Bank MD and CEO

Overview

• Vinay Muralidhar Tonse, who took charge Monday, begins a three-year stint cleared by the RBI and awaiting shareholder approval.
• The handover followed Prashant Kumar’s tenure ending Sunday, ensuring no gap in leadership.
• Tonse is a 35-year banking veteran from State Bank of India, where he ran the retail business and oversaw a large national branch network.
• YES Bank also named S. Anantharaman as chief risk officer effective April 1 to strengthen risk oversight.
• In a Q4 update, the lender reported 10.7% loan growth to Rs 2,72,454 crore and 12.1% deposit growth to Rs 3,18,970 crore as of March 31.