RBI approves Vinay Tonse as MD & CEO of YES Financial institution for 3-year time period – Company Technique & Outlook

Vinay Muralidhar Tonse
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The Reserve Financial institution of India (RBI) has accredited appointment of SBI MD Vinay Tonse as the brand new MD, CEO of YES Financial institution for 3 years, in accordance with an change discover.

“Prashant Kumar, MD/CEO of the Financial institution, is at the moment within the midst of his prolonged time period. Maintaining his preferences and the Financial institution’s progress wants in perspective, the Financial institution had sought regulatory approval from the Reserve Financial institution of India for brand spanking new management. On this regard, we wish to inform you that RBI vide its letter dated February 3, 2026 has accredited the appointment of Mr. Vinay Muralidhar Tonse as MD & CEO of YES BANK Restricted for a interval of three years w.e.f. the date of taking cost,” YES Financial institution stated in an change submitting. 

Tonse’s appointment shall be topic to the approval of the shareholders of YES Financial institution.  

Printed on February 3, 2026