RBI Greenlights Vinay Tonse as Yes Bank CEO as SMBC-Backed Lender Moves to End Succession Uncertainty
The Reserve Bank of India has approved Vinay Muralidhar Tonse as Yes Bank’s new managing director and CEO for three years, replacing Prashant Kumar in April. Tonse, formerly of State Bank of India, awaits shareholder approval before taking charge. Yes Bank shares closed at 21.33 rupees on Thursday, down 1.02%.
