Who is Vinay Muralidhar Tonse? RBI approves his appointment as new Yes Bank MD & CEO
Yes Bank has appointed Vinay Muralidhar Tonse as its new Managing Director and CEO for a 3-year tenure, subject to shareholder approval. Tonse, who previously served as Managing Director at State Bank of India, will take charge at a yet-to-be-announced date. The bank reported a 55% jump in profit for Q3FY26 and is targeting a loan growth of 8% for FY26.