MAM
IAA India chapter announces its managing committee lineup
Mumbai: The International Advertising Association (IAA) India chapter on Friday announced its managing committee lineup for the financial year 2021-22. The members co-opted and invited to the committee were announced at the Annual General Meeting (AGM) chaired by Discovery Communications India – South Asia MD and the recently re-elected president Megha Tata.
“I am delighted to bring together such a wonderful mix of enthusiastic, experienced, diversity in gender and industry-wide representation to the mancom this year. Together we hope to continue to be the beacon of light of our industry,” said Tata.
The mancom members are: Madison Communications Pvt Ltd chairman & managing director Sam Balsara; Republic TV group president Dr Bhaskar Das; Viacom18 Media head – Hindi and kids TV network Nina Elavia Jaipuria; Laqshya Media Group managing director Alok Jalan; Orient Electric Ltd business unit head of appliances Salil Kappoor; The Advertising Club, Madras past president and independent communication consultant Anbuchezhiyan K; Mathrubhumi PTG & PBG Co Ltd managing director MV Shreyams Kumar; Canco Advertising Pvt Ltd founder Ramesh Narayan; Pantaloons CEO Sangeeta Pendurkar; India Today Group’s TV Today Network & Radio CEO Rahul Shaw; Hungama Digital Media founder and CEO Neeraj Roy; EENADU director I Venkat; Intelligent Insights Pvt Ltd founder Ashok Venkatramani; The Horologists founder and president Mitrajit Bhattacharya; Barc India CEO Nakul Chopra; The Times of India Group president Partha Sinha; Zirca Digital Solutions Pvt Ltd CEO and director Neena Dasgupta, and Shemaroo Entertainment Ltd COO Kranti Gada.
At the AGM held on 24 September, Eros International Media Ltd group CEO and executive director Pradeep Dwivedi was re-elected vice president. The other elected office bearers are – Lodestar UM CEO Nandini Dias as honorary secretary and The Free Press Journal director Abhishek Karnani as honorary treasurer.
Zee Entertainment Enterprises Ltd managing director & CEO Punit Goenka will continue as a member of the managing committee as the immediate past president.
The other elected members of the managing committee were: Another Idea founder Jaideep Gandhi; The Indian Express Ltd executive director Anant Goenka; ABP Network CEO Avinash Pandey; Deshdoot Media Group managing director Janak Sarda, and GroupM South Asia CEO Prasanth Kumar.
The co-opted members were: Havas Group India CEO Rana Barua; Dentsu Aegis Network CEO-APAC and chairman India Ashish Bhasin; Amar Ujala Publications Ltd president of marketing Rajiv Kental; Indira Television Ltd director Rani Reddy;
R K SWAMY Hansa & IAA Presidents’ Council chairman and IAA Global immediate past chairman & world president Srinivasan K Swamy.
Headquartered in New York, the IAA is a globally-focused integrated advertising trade association with membership representing advertising agencies and the media. The association comprises corporate members, organisational members, educational affiliates, as well as 56 chapters with individual members and young professionals from 76 countries and is over 80 years old.
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
