Former SBI MD Vinay M. Tonse To Replace Prashant Kumar As CEO & MD Of Yes Bank

Yes Bank has appointed Vinay Muralidhar Tonse as its Managing Director and Chief Executive Officer (CEO & MD), with the term commencing from the date he assumes charge, subject to shareholder approval.

Tonse will succeed Prashant Kumar, who continues to serve during his extended term.

Tonse last served as MD at State Bank of India (SBI), overseeing Retail Business and Operations until November 30, 2025. He also served as Director at AMC Repo Clearing Ltd., SBI Foundation, and State Bank Operations Support Services Pvt. Ltd. He was also Director and MD in charge of Retail Banking and Operations at SBI between 2023 and 2025.

Before joining Yes Bank, Kumar served as Chief Financial Officer (CFO) and Deputy MD of SBI. He joined SBI as a Probationary Officer in 1983 and worked there for 34 years across roles in credit, human resources, operations, and administration. His assignments included Deputy MD (HR), Chief Operating Officer (COO), Chief General Manager of the Kolkata Circle, and faculty member at the State Bank Academy, Gurugram. He holds degrees in science and law from Delhi University.

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