MAM
Digital advertising spend to see 35% growth in India
MUMBAI: India’s booming digital advertising market has “reached a tipping point” and is set for double-digit growth driven by global investment in the country and policy reforms under the new Narendra Modi administration, according to ad:tech head of EMEA & India James Drake-Brockman.
Led by mobile, social media and the emergence of new technologies, digital advertising spend in India is expected to increase by an impressive 35 per cent in 2015 and further growth is predicted as Prime Minister Narendra Modi’s ‘Digital India’ policy enhances India’s internet infrastructure.
As global industry leaders prepare to gather in Gurgaon for ad:tech New Delhi conference on 19-20 March, Brockman feels that India’s burgeoning advertising technology sector is experiencing unprecedented investment as advertisers switch on to the growing need to allocate digital resource. “A strong digital presence is no longer a ‘nice to have’ – those who don’t will struggle to keep up with the ever evolving relationship between brand and consumer,” he said.
Last year’s ad:tech New Delhi happened at a time when India had reached a tipping point of investment. Rather than attendees using the event to gather information and understand what is out there, they were coming to the event and treating it as a marketplace with serious budgets to invest.
“The surge in number of brands sending groups of marketers to the event in 2015 reflects this trend and demonstrates the fact that India’s marketing community is serious about digital,” added Brockman.
The ‘Digital India’ policy and the prospect of getting India’s 1.3 billion people online has compounded interest in the sector: “Advertisers realise that increased internet access combined with changing consumer behaviour and spending have created a unique window of opportunity. They realise that they need the right digital advertising tools to capitalise and are turning to technology companies here in India and overseas for solutions and partners,” said ad:tech New Delhi head of content and marketing Vinish Joshi.
“All of this is good news for the advertising technology industry, good news for the economy and good news for India,” added Joshi.
Featuring a ‘Digital Ahead’ theme, over 5,000 people are expected to attend ad:tech New Delhi where industry leaders speaking include Unilever VP media for Asia, Africa, Middle East, Turkey and Russia Rahul Welde, Group M chief digital officer Rob Norman and Flipkart head of fashion Mukesh Bansal.
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.
