Yes Bank shares in focus after RBI approves appointment of new MD & CEO

Shares of Yes Bank Ltd. are in focus on Wednesday, February 4, after it said the Reserve Bank of India (RBI) has approved the appointment of Vinay Muralidhar Tonse as its new managing director and chief executive officer.

Tonse's appointment is for a period of three years from his date of appointment, which is yet to be mentioned. The same will be subject to the approval of the shareholders of the bank, the lender said in an exchange filing on Tuesday, February 3.

Tonse previously was the managing director (retail business and operations) at

State Bank of India till November 30, 2025.

Yes Bank said in its filing that current MD and CEO, Prashant Kumar, is currently in the midst of his extended term. Keeping his preferences and the bank's growth needs in perspective, the lender had sought regulatory approval from the RBI for new leadership. Kumar's extended six-month term is set to end in April this year.

Yes Bank reported its third quarter earnings last month. Its net profit increased 55.4% to ₹951.6 crore from ₹612.3 crore in the previous year. Its net interest income (NII) increased 11% to ₹2,465.6 crore.

The lender's asset quality remained steady as its gross non-performing assets (NPAs) declined to 1.5% from 1.6% sequentially, while its net NPAs remained flat at 0.3%.

Shares of Yes Bank ended the previous session 0.6% higher at ₹21.31 apiece. The stock has gained 12.8% in the last six months.

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