Yes Bank Limited has informed the Exchange regarding Change in Director(s) of the company.
YESBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Yes Bank has undergone a leadership transition with Mr. Prashant Kumar stepping down as MD & CEO on April 5, 2026, upon completion of his tenure. He had been serving in this role since 2020 when he was appointed to steer the bank out of crisis. Mr. Vinay Muralidhar Tonse has taken over as the new MD & CEO effective April 6, 2026, for a term of three years until April 5, 2029. Tonse joins from State Bank of India where he was Managing Director for Retail Business and Operations, overseeing nearly 23,000 branches with business levels of Rs. 76 lakh crore. His appointment is subject to RBI approval and shareholder confirmation.
This is a significant leadership change at Yes Bank. The appointment of an experienced banker from India's largest public sector bank may be viewed positively by investors, as Tonse brings extensive expertise in retail banking and operations. The transition appears orderly following proper regulatory process.