Yes Bank Share Price in Focus as RBI Approves Vinay Tonse as MD and CEO for 3 Years

Yes Bank has disclosed that the Reserve Bank of India has approved the appointment of Vinay Muralidhar Tonse as Managing Director and Chief Executive Officer for a term of 3 years, subject to shareholder approval. 

RBI Approval for Vinay Tonse as MD and CEO 

The RBI issued its approval on February 3, 2026, confirming that Vinay Tonse will assume the role of MD and CEO of Yes Bank for a period of 3 years from the date he takes charge. The appointment will become effective only after the shareholders of the bank give their consent. 

Background of Vinay Tonse 

Vinay Tonse previously served as Managing Director for Retail Business and Operations at State Bank of India until November 30, 2025.  

His Director Identification Number is 06695367. The bank’s filing states that he is not debarred from holding a directorial office by any SEBI order or other authority. 

Read More: Union Budget 2026-27 Sets ₹80,000 Crore Divestment and Monetisation Target! 

Regulatory Compliance and Shareholder Process 

The disclosure complies with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. Both BSE and NSE circulars dated June 20, 2018 are referenced to confirm compliance. The relevant information is hosted on the bank’s website www.yes.bank.in as required by listing regulations. 

Yes Bank Share Price Performance 

As of February 04, 2026, at 9:17 AM, Yes Bank share price on NSE was trading at ₹21.43 up by 0.56% from the previous closing price. 

Conclusion 

The RBI’s approval enables Yes Bank to move forward with the leadership transition, contingent on shareholder endorsement and adherence to regulatory disclosures. 

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