Yes Bank
Yes Bank shares jump after RBI’s big nod for new CEO — here’s what investors are cheering
Mumbai/IBNS: Shares of Yes Bank edged higher on Tuesday after the Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the bank’s new Managing Director and Chief Executive Officer, media reports said.
On the BSE, Yes Bank shares rose by 0.24 points, while on the NSE the stock gained 0.22 points.
Tonse will succeed Prashant Kumar and serve as MD and CEO for a period of three years from the date of his appointment, which is yet to be announced. Kumar is currently serving an extended term of six months, scheduled to end in April, the bank said.
The announcement comes close on the heels of Yes Bank posting a strong performance in the third quarter of FY2025–26.
The private lender reported a sharp improvement in profitability, supported by sustained business momentum, strong growth in granular CASA deposits, improved margins, and better asset quality.
Yes Bank’s earnings surged 55.4 per cent year-on-year to Rs 952 crore, while profit rose 45.4 per cent on a quarter-on-quarter basis.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
