MAM
Saraf Furniture announces 40 per cent discounts on all solid Sheesham wood products
Mumbai: Summer is at its end, and with it comes Saraf Furniture’s announcement of its summer sale. This highly anticipated event will see customers enjoying massive discounts of up to 40 per cent across a wide range of furniture pieces available online as well in Saraf Furniture’s Bangalore, Delhi, Hyderabad, Surat & Rajasthan showrooms.
Highlights of the summer sale:
. Beds and mattresses: Get your best sleep ever on our expensive solid Sheesham wood beds and first-class mattresses at an amazing discount up until 40 per cent.
. Coffee tables: Aesthetically appealing coffee tables that will make your living room look more elegant while serving their purpose.
. Desks and TV units: Stylish desks, TV units made from durable sheesham wood for you to have productive workplace or entertainment area.
. Bookshelves and sideboards: Our beautiful bookshelves and sideboards are designed for excellent organization of books, essentials now at very low prices.
. Dining sets and kitchen cabinets: Make your kitchen and dining room more beautiful with our sophisticated cabinets and dining sets that are entertaining.
. Poster beds, sofas, dressers: Choose from any of the items for a luxury feel in your house; sofas, dressers or poster beds which are usually at huge discounts.
. Rugs, lamps, carpets and lights: Get the best home decor products through our exclusive collections of carpets, lamps lights and rugs which come out well-tailored.
. Work-from-home spaces: The furniture is ergonomically designed to create excellent work-from-home environments that guarantee comfort as well as productivity.
Saraf Furniture founder Raghunandan Saraf said; “We take pride in providing premium Sheesham wood furniture to our esteemed customers at unimaginable prices.” “It is during this sale when one can buy long-lasting high-quality furniture for a lifetime”
The 40 per cent off summer sale can be availed online on Saraf Furniture’s website as well as their showrooms in Bangalore, Delhi, Hyderabad Surat and Rajasthan.
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.
