MAM
Raghav Bahl resigns as MD of The Quint
NEW DELHI: Serial entrepreneur, media veteran, and the founder of The Quint, Raghav Bahl has resigned as the managing director of the digital publisher. He, however, will continue to act as a non-executive promoter director on the board of the company. Quint Digital Media runs and operates three digital platforms – thequint.com. hindi.thequint.com, and fit.thequint.com. The digital platforms offer media and journalism across five mediums – live, articles, videos, quint lab, and audio podcasts – across various categories.
The information was provided on the Bombay Stock Exchange (BSE) via a statement reading, “In terms of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the “LODR” Regulations”), we would like to inform that Raghav Bahl has resigned as the managing director of the company w.e.f. closure of business hours of 29 December 2020. Further, Raghav Bahl will continue to act as non-executive promoter director of the board of the company.”
Bahl is best known for his past ownership of TV channels like TV18 India. He was also the founding/controlling shareholder and MD of Network18 Group and expanded it into a media conglomerate with TV channels, digital properties and a magazine. Under Bahl’s leadership, the company had formed successful joint ventures with CNBC, Forbes, A&E Networks, Viacom, and Time Warner, with whom it runs English news channel, CNN-News18.
Later, along with wife Ritu Kapur, Bahl founded Quintillion Media. He also acquired a controlling stake in Gaurav Mercantiles in 2019 and merged Quintillion’s digital news businesses with it.
Bahl had planned to start a business news channel with Bloomberg under Quintillion Business Media. However, he was unable to procure a broadcast licence from the government for three years, eventually leading to the shutdown of the TV division in April 2020. He said he would focus on digital operations henceforth.
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.
