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YES Bank Gets New MD and CEO: Vinay Muralidhar Tonse

6 February 20261 min read
BANKING & FINANCEYES Bank GetsNew MD and CEO:Vinay MuralidharTonse6 February 2026safalsetu.com

Why in the news

The central bank cleared a new chief executive for a private lender. The appointment fills the post that Prashant Kumar will vacate this April.

Key facts

  • Appointee: Vinay Muralidhar Tonse, a veteran with over three decades in banking.
  • Post: Managing Director and CEO of YES Bank.
  • Approval by: Reserve Bank of India.
  • Tenure: three years.
  • Predecessor: Prashant Kumar, whose term closes in April 2026.

Exam angle

  • Who approves the top-level appointments in private banks: the RBI.
  • Name pairing: new MD and CEO versus outgoing MD and CEO.
  • Length of the new term: 3 years.

Test yourself

1. Who has been appointed MD and CEO of YES Bank with RBI approval, as reported in February 2026?

The notes name Vinay Muralidhar Tonse as the appointee.

2. What is the term of the new YES Bank MD and CEO approved by RBI?

The approval is for a three-year term.

3. Whom will Vinay Muralidhar Tonse succeed at YES Bank?

Prashant Kumar's tenure ends in April 2026.

This topic is part of Daily Current Affairs 5 & 6 February 2026 (28 topics).

All topics of the dayDay quizFebruary 2026

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