YES Bank Updates Key Managerial Personnel List for Regulatory Disclosures

1 min read     Updated on 06 Apr 2026, 05:04 PM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

YES Bank Limited has updated its list of Key Managerial Personnel authorized for determining materiality of events and making stock exchange disclosures under SEBI Regulation 30(5). Filed on April 6, 2026, the list includes MD & CEO Vinay Muralidhar Tonse, Group CFO Niranjan Banodkar, and Company Secretary Sanjay Abhyankar. The information has been made available on the bank's website in compliance with listing regulations.

powered bylight_fuzz_icon
37020869

*this image is generated using AI for illustrative purposes only.

Yes bank has filed an updated list of Key Managerial Personnel authorized for determining materiality of events and making regulatory disclosures to stock exchanges. The bank submitted this update on April 6, 2026, in compliance with Regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance Update

The communication was addressed to both the National Stock Exchange of India Limited and BSE Limited, ensuring comprehensive compliance with listing requirements. Company Secretary Sanjay Abhyankar signed the disclosure document digitally, with the timestamp showing April 6, 2026, at 08:09:35 +05'30'.

The bank has also hosted this information on its official website at www.yes.bank.in , as mandated by the listing regulations. Additionally, weblinks from both BSE and NSE providing this information are being made available on the bank's website.

Authorized Key Personnel

The updated list identifies three key managerial personnel who hold authorization for materiality determination and disclosure responsibilities:

Position Name Contact Details
MD & CEO Vinay Muralidhar Tonse mdceo@yes.bank.in
Group Chief Financial Officer Niranjan Banodkar cfo@yes.bank.in
Company Secretary Sanjay Abhyankar shareholders@yes.bank.in

Contact Information

All three authorized personnel are based at YES BANK House, Off Western Express Highway, Santacruz East, Mumbai – 400055. The main phone numbers for the MD & CEO and Group CFO are 022-5091 9800 and 6507 9800, while the Company Secretary can be reached at 022-6507 7820.

Operational Framework

This update ensures that the bank maintains proper authorization channels for determining when events or information require disclosure to stock exchanges. The designated personnel will evaluate materiality thresholds and ensure timely communication with regulatory bodies and investors as required under SEBI guidelines.

Historical Stock Returns for Yes Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+5.02%+10.38%-5.37%-14.31%+13.00%+22.05%

What strategic initiatives or major announcements might Yes Bank be preparing for that necessitated updating their disclosure authorization framework?

How will the new leadership structure under MD & CEO Vinay Muralidhar Tonse impact Yes Bank's regulatory compliance and transparency standards going forward?

Could this personnel update signal upcoming material events such as mergers, acquisitions, or significant business restructuring at Yes Bank?

YES Bank Announces Leadership Transition: Vinay Tonse Takes Over as MD & CEO from April 06, 2026

2 min read     Updated on 06 Apr 2026, 08:54 AM
scanx
Reviewed by
Radhika SScanX News Team
AI Summary

YES Bank has completed a leadership transition with Vinay Muralidhar Tonse assuming the role of Managing Director & CEO from April 06, 2026, following Prashant Kumar's tenure completion. Tonse brings extensive experience from State Bank of India, where he managed nearly 23,000 branches with business levels of Rs.76 lac crore. His appointment, approved by RBI and subject to shareholder approval, runs until April 05, 2029.

powered bylight_fuzz_icon
36991487

*this image is generated using AI for illustrative purposes only.

YES Bank has announced a major leadership transition with the appointment of Mr. Vinay Muralidhar Tonse as the new Managing Director & Chief Executive Officer, effective April 06, 2026. This change follows the completion of Mr. Prashant Kumar's tenure, who ceased to hold office on April 05, 2026.

Leadership Transition Details

The bank disclosed the leadership change under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transition represents a planned succession as Mr. Kumar completed his designated tenure period.

Parameter Outgoing MD & CEO Incoming MD & CEO
Name Mr. Prashant Kumar (DIN: 07562475) Mr. Vinay Muralidhar Tonse (DIN: 06695367)
Reason for Change Cessation due to completion of tenure Appointment as Managing Director and CEO
Effective Date Cessation - April 05, 2026 Appointment - April 06, 2026
Term Completed April 06, 2026 to April 05, 2029
Relationship Status Not applicable Not related to any Directors of the Bank

New CEO's Professional Background

Mr. Vinay Muralidhar Tonse brings extensive banking experience to his new role. Most recently, he served as Managing Director (Retail Business and Operations) at State Bank of India from November 2023 to November 2025. In this capacity, he managed SBI's entire domestic network consisting of nearly 23,000 branches with approximately 2,33,426 employees and business levels of Rs.76 lac crore as of November 30, 2025.

Educational Qualifications and Career Journey

Mr. Tonse holds a B.com degree from St. Joseph College of Commerce, Bangalore, and a Master's in Commerce from Bangalore University. He began his banking career in 1988 as a Probationary Officer with SBI and has accumulated diverse experience across various banking functions including:

  • Corporate Credit and International Banking
  • Treasury Operations and Equity Portfolio Management
  • Retail Banking and Agriculture & Rural Banking
  • Training and Development

Key Professional Assignments

Throughout his career, Mr. Tonse has held several significant positions that demonstrate his comprehensive understanding of banking operations:

Position Duration Key Responsibilities
Managing Director & CEO, SBI Mutual Funds June 2020 to December 2022 Led India's largest Asset Management Company
Chief General Manager, Chennai Circle June 2018 to June 2020 Managed network of 1,260 branches in Tamil Nadu and Puducherry
CEO, SBI Osaka Branch, Japan August 2009 to June 2013 International banking operations
Deputy General Manager, Equity & Commodities June 2013 to November 2016 Global Markets, Corporate Centre, Mumbai
General Manager, Corporate Accounts Group November 2016 to June 2018 Branch BKC, Mumbai

Regulatory Compliance and Approvals

The appointment has been made on terms and conditions, including remuneration, as approved by the Reserve Bank of India and is subject to shareholder approval. YES Bank has confirmed that Mr. Tonse is not debarred from holding the office of director by SEBI or any other regulatory authority, in compliance with exchange circulars dated June 20, 2018.

Corporate Governance

The transition reflects YES Bank's commitment to maintaining strong leadership continuity while ensuring compliance with all regulatory requirements. The bank has fulfilled all disclosure obligations under the listing regulations and has made the relevant information available on its website at www.yes.bank.in as required by the amended listing regulations.

Historical Stock Returns for Yes Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+5.02%+10.38%-5.37%-14.31%+13.00%+22.05%

How will Mr. Tonse's extensive SBI experience and retail banking expertise influence YES Bank's strategic direction and competitive positioning in the private banking sector?

What impact could this leadership transition have on YES Bank's digital transformation initiatives and technology investments over the next three years?

Will the new CEO's background in asset management and mutual funds signal a potential expansion of YES Bank's wealth management and investment services offerings?

More News on Yes Bank

1 Year Returns:+13.00%