MAM
NEXA partners with 20th IIFA Awards 2020 to bring a premium experience for its new-age customers
MUMBAI: NEXA, the premium auto retail channel by Maruti Suzuki, today announced its association with 20th IIFA Awards 2020. This marks the fifth consecutive edition of NEXA’s collaboration with IIFA- India’s most prominent awards that celebrates the very best of Indian Cinema. With this association, Maruti Suzuki aims to blend premium-ness and inspirational designs offered by NEXA with glitz, glamour and stardom studded- ‘Indian Cinema’. The nail biting award ceremony will be an amalgamation of B-town celebrities, music, fashion trends and premium experiences.
Up on Design
The audience will experience a bespoke and exclusive NEXA inspired fashion show at IIFA Rocks, curated by fashion veterans, Shantanu and Nikhil. This fashion show will highlight exclusive colours, aspirational themes and inspiring designs by Maruti Suzuki.
The major attraction of the entire show will be IIFA Green Carpet which will encapsulate the stylish new premium MPV; XL6 adding to the already glamorous world of IIFA.
Up on Experience: with Creation and Innovation
As a part of the association, NEXA Experience launched a social media campaign with the hashtag #GoldenTicket. The participants will have to answer five questions tagging them and the winner will receive a golden chance to walk the green carpet at IIFA awards. This campaign is open to anyone and everyone.
NEXA celebrates the relentless spirit of creators that never stops exploring, innovating, influencing and experimenting. In a short span of 4 years, NEXA has exponentially expanded with 350+ outlets covering over 200 cities across the country. It believes in offering its services beyond just selling cars by creating exciting experiences for young and aspirational customers. Creating multiple experiential zones for their new-age customers, NEXA has successfully stepped in the fields of fashion and music. It has collaborated with iconic properties like IIFA, Lakme Fashion Week and renowned names from the music industry to launch NEXA Music which curates original English music.
Commenting on the partnership, Mr. Shashank Srivastava, Executive Director (Marketing & Sales), Maruti Suzuki India Limited, said, “The automotive industry has moved beyond ‘Retail Experiences’. It is about privileges now. From innovations to hospitality, the entire journey has become more evolved and indulgent. And NEXA’s association with IIFA awards is a wonderful testament to that fact. We are happy to take our relationship with IIFA into its fifth year. We are inspired by the fact that our association brings us a step closer to our new age customers who seek global experiences in their everyday lives. NEXA is as much about innovative technology, as it is about global design and sophisticated style. In just four years we have touched a million hearts and the newest member to embody NEXA's values is the all new exclusive 6-seater, the XL6. This premium MPV is all set to charm you with its looks and charm you with its premium interiors, leaving you truly inspired.”
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.
