Vinay Muralidhar Tonse takes charge as MD & CEO of Yes Bank
Prashant Kumar completed his tenure and stepped down as MD & CEO and Director of Yes Bank on 5 April 2026
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Published: Apr 6, 2026 10:50 AM | 2 min read
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Yes Bank shared via regulatory filing that Prashant Kumar’s tenure as MD & CEO concluded on 5 April 2026, and he has stepped down from his role and as a Director of the bank.
Effective 6 April 2026, Vinay Muralidhar Tonse has assumed charge as Managing Director & CEO of Yes Bank, for a term extending until 5 April 2029, subject to shareholder approval and the terms approved by the Reserve Bank of India. The bank confirmed that Tonse is not barred from holding the office of a director by any regulatory authority.
Tonse is a seasoned banker with more than three and a half decades of distinguished banking experience. Under Tonse’s leadership, Yes Bank will focus on the four basic strategic pillars to drive sustainable growth – People, Products, Processes and Technology.
Tonse brings extensive banking experience, having served as Managing Director (Retail Business & Operations) at State Bank of India (SBI) from November 2023 to November 2025. He has also served as MD & CEO of SBI Mutual Funds and headed SBI’s Chennai Circle.
Tonse began his career with SBI in 1988 and has vast experience across corporate credit, retail banking, international banking, treasury operations, equity portfolio management, agriculture, and rural banking.
Vinay M. Tonse, Managing Director & CEO, Yes Bank said, “Yes Bank has a strong foundation and proven its resilience over the last 6 years. As I start my journey at Yes Bank, my key focus is to accelerate profitable growth, deepen engagement with our employees, customers, stakeholders, and partners, as well as strengthen our balance sheet. We have all the right ingredients in place, including a robust digital platform and I see significant headroom for growth. I am confident we will create lasting value for all our stakeholders while driving sustainable growth for the institution.”
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