MAM
NBA strengthens China focus with Panini Group deal
MUMBAI: The National Basketball Association (NBA) and sports and entertainment collectibles company the Panini Group have announced an extension of their partnership through a new multi-year agreement.
Under the terms of the new agreement, Panini will continue to be the exclusive trading card and sticker partner for the NBA globally, expanding its current development and distribution of trading cards and products worldwide, with a particular focus on China. The relationship will be managed by the Panini Group‘s U.S. subsidiary, Panini America.
This renewal reinforces Panini‘ position as the only company in the world to manufacture official trading cards and stickers for the NBA, NFL, NFLPA, NHL, NHLPA, MLBPA, and FIFA World Cup. Panini‘s array of NBA products, which include “National Treasures” and “Prestige,” is designed to attract new and existing collectors, and to establish a high-end marketplace for NBA trading cards and related products domestically and internationally.
NBA executive VP global merchandising group Sal LaRocca said, “Our companies share a collective interest in promoting our brands worldwide. Panini has continually demonstrated the ability and commitment to creating products that appeal to our fans on a global basis.”
Panini America CEO Mark Warsop said, “The popularity of the NBA game globally is unmatched and, with new NBA superstars emerging, it‘s an exciting time to collect NBA trading cards, which are not only fun but highly sought after in the secondary trading card market. In the last three years, there has not been a more valuable modern-day trading card than our National Treasures NBA product that included a 1-of-1 Blake Griffin NBA Logoman Rookie card that sold on the secondary market for $38,000. This new long-term agreement with the NBA serves as the foundation to our future growth and our long-term commitment to the trading card category.”
The Panini Group has relationships with players, including five-time NBA champion Kobe Bryant of the Los Angeles Lakers, Kevin Durant of the Oklahoma City Thunder, and Blake Griffin of the Los Angeles Clippers. In May Panini Authentic, Panini‘s memorabilia division, signed the Dallas Mavericks as its first exclusive game-worn team partner. Panini also has relationships with USA Basketball, USA Baseball, the U.S. Soccer Women‘s National Team, the Pro Football Hall of Fame, Naismith Memorial Basketball Hall of Fame, Disney, Hello Kitty, Justin Bieber, One Direction and Michael Jackson and more than 600 global licenses with other sports and entertainment properties.
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.
