Debasis Mohapatra
Bengaluru, 7 April 2026
Yes Bank has announced that Vinay Tonse has assumed charge as its managing director and chief executive officer.
Tonse is a seasoned banker with more than three and a half decades of distinguished banking experience. He served as Managing Director at State Bank of India, with expertise spanning treasury, retail banking, corporate banking, international operations, and asset management. He also brings significant international experience with deep exposure to global financial markets and cross-border banking.
“YES BANK has a strong foundation and proven its resilience over the last 6 years. As I start my journey at YES BANK, my key focus is to accelerate profitable growth, deepen engagement with our employees, customers, stakeholders, and partners, as well as strengthen our balance sheet. We have all the right ingredients in place, including a robust digital platform and I see significant headroom for growth. I am confident we will create lasting value for all our stakeholders while driving sustainable growth for the institution,” Vinay M. Tonse, MD & CEO of Yes Bank said.
With the strategic backing of its largest shareholder, Sumitomo Mitsui Banking Corporation (SMBC), Yes Bank is well-positioned to leverage global expertise, enhance cross-border banking services, and expand its corporate banking capabilities. This long-term partnership will enable the Bank to generate positive synergies and unlock new business opportunities. The continued stake of State Bank of India as a major shareholder further reflects strong institutional confidence in Yes Bank, the private sector lender in a release.
