Brands
Oris Aquis Red Limited Edition
MUMBAI: A keen supporter of the Red Sea Environmental Centre’s work to protect one of the world’s top diving sites, Swiss watch manufacturer Oris is delighted to unveil the new Aquis Red Limited Edition. Dedicated to the ongoing support of marine life projects, the latest addition to the Aquis collection celebrates Oris’ commitment to preserving this idyllic seawater inlet.
Nestled between Africa and Asia, the Indian Ocean’s Red Sea is not only one of the world’s top diving sites but also boasts one of the planet’s most diverse ecosystems. A delicately balanced and thriving subaquatic environment that homes over 1,200 species of tropical marine life, the conservation of this lush underwater paradise is overseen by the RSEC.
Oris’ new Aquis Red Limited Edition is dedicated to the important role played by the RSEC. Revamping its sportive Aquis case design with striking red accenting, Oris’ new specialist diving watch clearly displays its allegiance to the Red Sea on its numerals, second hand and the minute-scale upon its unidirectional top ring.
Combatting the wetsuit compression caused by underwater pressure and the need for adjustments whilst below the surface, Oris’ safety anchor and sliding sledge clasp keep the watch attached to the wrist and easily adjustable at all times. Water- resistant to 300m and limited to only 2,000 pieces, the new Oris Aquis Red Limited Edition is presented in a special set.
A tribute to the Red Sea’s wondrous depths and a call to arms for its preservation, this stunning timepiece is the ideal diving companion for those looking for an eye-catching aesthetic underpinned with an environmental consciousness.
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.
