Why Vinay Tonse's final stint at SBI matters most as Yes Bank's new CEO

Mumbai: When Vinay M. Tonse takes over the reins of Yes Bank Ltd, the private lender would be significantly different in character and strength from where it was about six years ago. The comparison with March 2020 is inevitable because the bank, founded by now disgraced banker Rana Kapoor, was on the brink of collapse. The Reserve Bank of India (RBI) stitched together a rescue involving the State Bank of India (SBI), ICICI Bank Ltd, Kotak Mahindra Bank Ltd, among others. These lenders infused capital after ...