MAM
Sameer Arora joins the advisory board of Boomlet Group
Mumbai: Boomlet Group, an influencer marketing and crisis communication agency, has announced the appointment of Sameer Arora to the advisory board. Sameer boasts an impressive 25 years of experience in various key areas, including financial leadership, strategy consulting, corporate finance, business development, and valuation. With a proven track record of contributing to startup successes, Sameer is the ideal candidate for Boomlet’s pursuit of financial excellence and strategic growth. His appointment demonstrates the company’s dedication to achieving its growth objectives.
Sameer will play a pivotal and decisive role in corporate finance, offering guidance on strategic financial decisions related to managing treasury funds, investments, and other resource allocations for Boomlet. His expertise will enable the company to navigate its finances effectively, ensuring sound fiscal health and strategic growth. Expressing his enthusiasm, Sameer said “My role here will revolve around fostering financial growth, making strategic monetary decisions, implementing the necessary steps to achieve our financial targets and roadmaps, and suggesting relevant measures to reach those financial targets. I look forward to collaborating with the team to advance our strategic goals and ensure the company’s continued expansion and success.”
Boomlet Group co-founder & CEO Danish Malik on Sameer’s appointment, said, “We are thrilled to welcome Sameer Arora to our Advisory Board member. Sameer’s extensive experience and expertise are a valuable asset to our organization as we continue our journey of growth and expansion. His insight and guidance will be instrumental in pursuing and capitalizing growth opportunities.”
“We are confident that Sameer Arora’s leadership and financial expertise will help Boomlet Group excel in today’s dynamic business environment. His role on the Advisory Board will be pivotal in driving our strategic initiatives and ensuring financial viability for our diverse ventures.” said Boomlet Group co-founder & MD Preety Singh on Sameer’s appointment.
Boomlet Group is on the cusp of expanding its horizons by venturing into new business verticals. Sameer Arora’s appointment as an Advisory Board member marks a step further in the company’s commitment to growth and financial success. His valuable experience and financial expertise will have a significant impact on the organization’s journey towards achieving its strategic goals.
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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.
