YES Bank Shares Jumps after RBI Approves Appointment of New MD & CEO

The RBI approved the appointment of a new MD and CEO for YES Bank, resulting in a jump in the bank’s shares, as per the reports. The private lender announced on Monday that Vinay Muralidhar Tonse, formerly the managing director of the State Bank of India, would serve as YES Bank’s managing director and chief executive officer for three years.

Tonse’s appointment, which will be effective from the day he takes office, was authorized by the Reserve Bank of India (RBI) through a letter dated February 3, 2026. The Bank’s shareholders must approve his appointment.

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With its total market worth almost reaching Rs. 68,000 crore, YES Bank’s shares increased by over a percent to Rs. 21.55 on Wednesday. The stock had closed at Rs. 21.32 on Tuesday. The price of YES Bank shares has been unchanged thus far in 2026, but it has increased by about 15% over the previous six months.

For the quarter ending December 2025, YES Bank announced a 55.42% year over year (YoY) increase in net income to Rs. 951.62 crore, along with a 10% YoY increase in net interest income (NIIs) to Rs. 2,223 crore. The net interest margins (NIMs) for YES Bank increased by 10 basis points (bps) to 2.6% for the quarter, as per the media reports.