RBI approves Vinay Muralidhar Tonse’s appointment as MD and CEO of Yes Bank

The Reserve Bank of India has approved Vinay Muralidhar Tonse as the new Managing Director and CEO of Yes Bank for a three-year term. Tonse, formerly MD of Retail Business & Operations at SBI, will take over from Prashant Kumar, subject to shareholder approval. This leadership change aims to bolster Yes Bank's growth strategy and operational stability.