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New Delhi: Private sector Yes Bank on Monday said Vinay Muralidhar Tonse has taken charge as MD and CEO of the bank for three years.
Tonse, a former MD of State Bank of India, replaced Prashant Kumar who completed his extended term on April 5.
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Tonse has taken charge as Managing Director & Chief Executive Officer of the bank with effect from April 6 on such terms and conditions, including remuneration, as approved by Reserve Bank of India and subject to the approval of the shareholders, Yes Bank said in a statement.
Last year, Japan's Sumitomo Mitsui Banking Corporation acquired about 24 per cent stake, making it the biggest investor of the Mumbai-based lender.
Tonse is a seasoned banker with more than three and a half decades of experience spanning across treasury, retail banking, corporate banking, international operations and asset management.
He is a Commerce graduate from St. Joseph’s College of Commerce, Bengaluru, and holds a master’s degree in commerce from Bangalore University.
During his stint as MD of SBI, he had the responsibility of the entire domestic network of the country's biggest lender consisting of nearly 23,000 branches with an employee strength of around 2,33,426 and business levels of Rs 76 lakh crore as on November 30, 2025.
He started his career with SBI in 1988 as a Probationary Officer. He has worked in different geographical locations in India and abroad heading various business functions.
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He has in-depth experience of handling and managing various areas of Banking such as Corporate Credit, International Banking, Treasury Operations, Equity Portfolio Management, Retail Banking, Training, Agriculture and Rural Banking.
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