Vinay Tonse Appointed as Next Managing Director and CEO of Yes Bank

The Reserve Bank of India has approved the appointment of Vinay Tonse as the Managing Director and Chief Executive Officer designate for Yes Bank.
Tonse will assume his duties starting 6 April 2026, serving a three-year term as the successor to Prashant Kumar.
A seasoned banker, Tonse previously held the position of Managing Director at the State Bank of India (SBI).
From an exam perspective, such appointments in major private sector banks require mandatory regulatory clearance from the central bank to ensure stability and governance.

Key Facts / Static GK

Yes Bank Headquarters: Mumbai
Yes Bank Foundation Year: 2004
RBI Approval for MD/CEO: Required under Section 35B of the Banking Regulation Act, 1949

Q Practice Quiz — 14 March 2026

1. Who has been appointed as the Managing Director and CEO designate of Yes Bank, effective from April 2026?

A Prashant Kumar

B Vinay Tonse

C Sandeep Bakhshi

D Amitabh Chaudhry

E Dinesh Khara

Explanation: Vinay Tonse, a former Managing Director of State Bank of India, has been appointed as the MD & CEO of Yes Bank for a three-year term starting April 6, 2026, succeeding Prashant Kumar.

2. Which of the following statements is correct regarding the PM-KISAN scheme as of March 2026?

A It is a Centrally Sponsored Scheme with 60:40 funding between Center and States.

B The 22nd installment benefited approximately 15 crore farmers.

C The total amount disbursed under the scheme has crossed ‡4.27 lakh crore.

D It provides ‡10,000 per year to every landless laborer.

E The scheme was launched in the year 2021.

Explanation: Following the release of the 22nd installment in March 2026, the total financial assistance provided under PM-KISAN has surpassed ‡4.27 lakh crore. It is a 100% Central Sector Scheme providing ‡6,000 annually.

3. What is the generating capacity of the 'Bharat Small Modular Reactor' (BSMR) being developed by BARC?

A 100 MW

B 220 MW

C 500 MW

D 750 MW

E 1000 MW

Explanation: BARC is developing the Bharat Small Modular Reactor (BSMR-200) with a specific capacity of 220 Megawatts (MW).

4. Consider the following statements regarding the 6G research projects in India: 1. 104 projects have been approved with a budget of ‡271 crore. 2. The projects are funded under the TTDF scheme. 3. The long-term spectrum plan for 6G extends up to 2035.

A Only 1 and 2 are correct

B Only 2 and 3 are correct

C Only 1 and 3 are correct

D All 1, 2, and 3 are correct

E None are correct

Explanation: All three statements are correct: 104 projects were approved for ‡271 crore via TTDF, and the long-term spectrum plan targets the 2031-2035 period.

5. What is the primary function of the 'Bhavantar Bhugtan Yojana' extended by the Madhya Pradesh government?

A To provide free seeds and fertilizers to all farmers.

B To offer interest-free loans for irrigation equipment.

C To compensate farmers for the difference between the market price and the MSP.

D To facilitate the direct export of mustard to foreign countries.

E To provide insurance coverage for crop failure due to floods.

Explanation: Bhavantar Bhugtan Yojana is a Price Deficiency Payment Scheme that pays farmers the difference (bhav-antar) between the market price and the MSP if the former is lower.

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