MAM
Media scrips continue decline post-budget
MUMBAI: Media scrips continued their downslide four days after the announcement of the annual budget 2003-04. Media analysts have already indicated that the budget was negative for the media and entertainment companies.
On the Bombay Stock Exchange (BSE), the Zee Telefilms scrip opened at Rs 80.1, dipped to Rs 77.10 – down 3.75 per cent. A total of 2,518,069 shares were traded. The P/E ratio was 22.94 and the EPS at Rs 3.35. On the National Stock Exchange (NSE), the scrip opened the day at Rs 80.3, fell 4.11 per cent to end the day at Rs 77. The total volume traded was 4,229,021.
On the BSE, the Balaji Telefilms scrip opened the day at Rs 69.65; fell 1.79 per cent to Rs 68.40. A total of 51,573 shares were traded. On NSE, the scrip opened at Rs 72, fell 1.94 per cent to end the day at Rs 68.30. The total volume traded was 70,737.
On the BSE, the Mukta Arts scrip opened the day at Rs 61.25; fell 3.10 per cent to Rs 59.35. A total of 64,525 shares were traded. On the NSE, the scrip opened at Rs 61.95; fell 5.46 per cent to end the day at Rs 58. The total volume traded was 81,609.
On the BSE, the Television Eighteen scrip opened the day at Rs 61.2; fell to Rs 60.2 – down 1.63 per cent. A total of 6,816 shares were traded. On the NSE, the scrip opened at Rs 61.3; fell 2.20 per cent to end the day at Rs 60. The total volume traded was 20,509.
On the BSE, the Creative Eye scrip opened the day at Rs 11.75; dipped 9.79 per cent to end the day at Rs 10.60. A total of 5,250 shares were traded. On the NSE, the scrip opened at Rs 11; fell 1.36 per cent to Rs 10.90. The total volume traded was 16,197.
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.
