MAM
CL T20 2013 returns to India, to kick-off 17 September
MUMBAI: The fifth edition of Champions League Twenty20 (CLT20) will be held in India from 17 September to 6 October. The international T20 tournament, which was held in South Africa last year, will return to India for the third time in five years.
This year, the tournament will once again feature a Pakistan team in the qualifier stage. The English teams, though, will give the tournament a miss as the England Cricket Board (ECB) has expressed that its teams won‘t be able to participate in this year‘s tournament.
West Indian team Trinidad & Tobago, who were the runners-up in the inaugural edition of the tournament, have earned a direct entry into the group stage this year after playing in the qualifier in 2011 and 2012.
The format of the tournament will be the same as in two previous editions with a group stage preceded by a qualifier. A total of 29 matches will be played in the tournament.
“The CLT20 will return to India this year. It will be the third time India will host the tournament in five years, after 2009 and 2011. The competition, which will again feature leading cricketers from across the world and some of the established legends of world cricket, will be watched and followed by equally passionate fans,” says CLT20 Governing Council chairman N. Srinivasan.
The Qualifier will feature four teams – the fourth-ranked team from the IPL 2013, Otago Volts (New Zealand‘s HRV Cup champions), and the winners of the Sri Lanka and Pakistan domestic T20 competitions.
The teams will play each other once, with the top two advancing to the group stage. The group stage will feature 10 teams.
The top team from Group A will play the second-ranked team from Group B, and vice versa, in the semi-finals. The winners of the semis will play in the CLT20 2013 Final on 6 October. The venues of the CLT20 2013 will be decided at the end of the Pepsi IPL 2013, once the top three teams in that tournament are known.
Group A will comprise the winner and third-ranked team in the IPL 2013, Highveld Lions (winner of South Africa‘s RAM SLAM T20 Challenge), Perth Scorchers (KFC T20 Big Bash League runner-up), and the top team from the CLT20 2013 Qualifier.
Group B will comprise Brisbane Heat (KFC T20 Big Bash League champion), Trinidad & Tobago (West Indies T20 champion), the runner-up in the Pepsi IPL 2013, Titans (RAM SLAM T20 Challenge runner-up), and the second-ranked team from the CLT20 2013 Qualifier.
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.
