MAM
Back on Track: Dream Sports Foundation lends support to sports professionals
KOLKATA: Dream Sports Foundation (DSF), the philanthropic arm of Dream Sports has successfully supported over 3,500 sports professionals across 29 sports during the pandemic as part of its Back on Track programme launched last year.
Out of the 3,500 beneficiaries, 3,300 are current and retired athletes, over 100 are coaches, and more than 70 are sports support staff and journalists. The beneficiaries are from 24 states and three union territories in India, it said on Friday.
The onset of the Covid 19 pandemic has disrupted life at many levels leading to job and income loss across industries and sectors, including sports and the programme has been able to help people in need from the sports industry by providing financial aid, training, and sports equipment support, coaching, proper diet and nutrition, monthly stipends, and hygiene kits.
To ensure that the aid reached the most affected members of the Indian sports ecosystem, DSF also helped 16 NGOs across the country, including Nav Sahyog Foundation, Dribble Academy, Nagaland Football Foundation, The Right Pitch, The Ball Project, and many more. DSF supported sports journalists through the Playfield magazine initiative who had lost their jobs due to the COVID crisis.
Speaking about the programme, Dream Sports & Dream11 COO & co-founder Bhavit Sheth said, “Owing to the lack of opportunities and resources due to the pandemic, many sports professionals and athletes were giving up on their dreams as they were unable to sustain themselves. We wanted to help them land on their feet and take strides towards their personal and sporting goals through ‘Back on Track’. We are glad that we could reach several sports beneficiaries pan-India and provide integral support within the last nine months.”
One of the beneficiaries of ‘Back on Track’ is Rani Laxmi Bai Sports Academy, Bihar, which gives girls from disadvantaged backgrounds the opportunity to play sports at state, national and international levels. Academy’s founder, Sanjay Pathak said, “We are grateful for such initiatives that have made a significant difference for our 55 senior students, who play football and handball. They have helped in retaining their dreams of playing sports, especially during these difficult times. The girls played with a single pair of shoes for one whole year, but thanks to Dream Sports Foundation’s support, they now have multiple pairs of high-quality shoes and sports kits essential for national-level players. The monetary support is also helping us provide better nutrition to the students.”
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.
