MAM
Inclusivity makes a strong business case for media companies
MUMBAI: In the last few years, diversity and inclusion have caught heightened attention in organisations across the world. Although diversity is less of a concern for media companies, inclusion is what needs to be addressed. The motive behind this should its relevance today and the impact it has on business.
At the recently concluded Media HR Summit hosted by Indiantelevision.com, a panel discussion moderated by D&I evangelist and founder and MD Vividhataa, Diversity Hiring Consultants Ratnaprabha Sable revolved around the issues regarding D&I. Voices of Inclusion author Deepa Shankar, Mondelez International diversity and inclusion lead (independent consultant) Priyadarshini Gupta, NeoSeven Solutions global HR expert Monika Navandar took part in the discussion.
Gupta explained that diversity is about having diverse perspectives, thoughts and viewpoints on the table while innovating something or creating a new product, service or working together, collaborating. According to her, having diverse thought processes on the table is important.
Talking about the need for diversity in an organisation, she also said that a diversity agenda should have a business case for it. She gave the example of an American KPO that was investing a high amount of money in training employees in the age group of 22-25 who would end up leaving the organisation in less than a year. Instead, it started recruiting retired people with the necessary skill sets for whom skipping jobs or moving high or quickly in their career did not matter. As a result training cost reduced significantly impacting topline and bottom line of the organisation.
“Inclusion is about what I am doing in order to help a talent who has been brought back into the system to make them feel they belong to the organisation and the person thrives and grows,” Shankar commented. She also added that inclusion is also about policies which support the diversity agenda.
Navandar contradicted a point from another session where panellists made a point about having tech and analytical skills. According to her, people should play to their strengths as there are so many other jobs.
While there’s a common tendency of discussing only on gender-specific issues, it came out during the discussion that diversity moves beyond this. The panel also discussed the issue of unconscious biases which even sometimes affects recruitment processes.
In the context of the media and entertainment industry, it was agreed that diversity is not a big concern there but inclusion needs to be worked upon such as accepting smokers and non-smokers, people who have alcohol vs those who don’t have. More importantly, Sable highlighted the need for backward integration. She contended the importance of creating jobs for people with disabilities, acid attack victims and mental health issues. According to her, organisations need to identify jobs where these people can be placed in or trained for.
The media industry has the advantage of having different sets of people compared to other industries. Moreover, multicultural workforce brings out multicultural content making the business case strong for diversity agenda. However, looking at supplier, product and service delivery diversity along with consumer diversity is also important while working. Hiring a diverse slate of people and recruiting from different industries, not just from media will also enhance diversity.
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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.
