MAM
Guest column: Post pandemic, advertising shifts focus to brand building
NEW DELHI: Do you remember TV commercials that featured fans at crowded football games, or that focused around cities choked with people, or with celebrities doing every possible thing to woo their audience? You may call them the “before coronavirus” commercials/ads that no longer work in today’s scenario. With the onset of the pandemic, everything changed in a matter of hours, and TV commercials of various brands were no exception. As the Covid-imposed lockdown continues, Indian advertisers are completely relying on media-led brand building to reap long term benefits.
The rise of ad flexibility
As major live events, where TVCs played a pivotal role, were cancelled keeping in mind to curb the spread of the Coronavirus, advertisers had to regulate themselves according to their new programming slate. This has also been changing according to the scenario outside, making the ads more compassionate and caring towards their customers. Since the airing of many programs was also cancelled due to the pandemic, the TVCs mostly aired during the news broadcast or in the news channel.
Advertising in digital content
With the remote working and stay at home guidelines, the viewership of TV and OTT platforms is seeing an explosive growth. Though the advertising demand during this phase is being subdued due to the current situation, advertisement in certain categories like essentials, health and hygiene worked like never before. Brands across industries have responded to this situation quite promptly and started investing in TVC and campaigns for essentials and health and hygiene products across media. Whereas, non-essential categories didn’t fall behind and rather started their communications in digital medium by tagging alongside essential categories. Few companies have shifted to the basics and once again emphasised on brand building by highlighting their efforts towards combating the situation through their advertisements.
Brand building is the new focus
With a stepped-up viewership of TV and OTT platforms, lessened advertiser clutter and potentially lower rates due to lower demand, brands have realised that this is the perfect time to invest in brand building by emphasising more on the brand’s core values. Brands have once again started earmarking for BTL so that it can be redirected to deploy on media and have put consumer promos, offers among others on a backseat. They executed brand building by exploring higher ACDs (average commercial durations) and consumer-relatable storytelling.
New industries, new advertisers
As we have entered a much dreaded second phase of the Covid2019 pandemic, there is no clear timeline by when we will emerge out of the unprecedented situation. Therefore, brands need to engage in rigorous scenario-based planning, where they have to make an imaginary timeline of recovery, changes in consumer behaviour and upgraded budgets. The digital-first approach should be the first line of advertising for a brand in this ‘new normal’ situation. Brand’s media plans also need to be aligned with business strategy so that a balance can be made between opportunity and reality. One needs to keep in mind that whenever there is an extended lockdown, there is a downward pressure on consumer purchasing power and planned purchases will be on the lower side.
(The author is director, Bonn Group of Industries. The views expressed in this column are his own and Indiantelevision.com may not subscribe to them.)
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.
