Vinay Tonse's appointment hints at a cautious approach at Yes Bank

YES Bank has appointed Vinay Tonse as its new Managing Director. This move signals a measured leadership approach by its new promoter, Sumitomo Mitsui Banking Corporation. Experts believe this choice prioritizes continuity and operational familiarity. Tonse faces the task of boosting loan growth and increasing low-cost deposits. The bank's assets, deposits, and advances have seen growth.