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Srajan Tiwari steps up as senior vice president at HDFC Bank
MUMBAI: HDFC Bank has added another seasoned name to its leadership bench, with Srajan Tiwari taking on the role of senior vice president. The appointment marks a natural next chapter in a career shaped by two decades of banking, mutual funds and investment analytics across India and overseas.
In his new role within the personal banking group, Tiwari will focus on strengthening the bank’s investment analytics capabilities while driving growth initiatives across regions. It is a brief that plays to his strengths, blending numbers, networks and nuanced market understanding.
Tiwari is no stranger to HDFC Bank. Since 2019, he has served as regional head for North India in investment analytics, helping build scale and strategy in one of the bank’s most competitive markets. The promotion signals continuity as much as confidence in his leadership.
Before returning to HDFC Bank, Tiwari spent a year at BankBazaar as deputy vice president for mutual funds, gaining a digital-first perspective on retail investing. Prior to that, he clocked nearly seven years at Canara Robeco Asset Management as business head for North India, where he played a key role in expanding the fund house’s footprint.
His earlier career reads like a tour of India’s financial map and beyond. From managing Reliance Capital’s Middle East operations in Dubai to leading regions across Karnataka, Madhya Pradesh and Chhattisgarh, Tiwari has worked across markets with very different investor mindsets. His journey began at ICICI Bank and ICICI Capital Services, following a management trainee stint at Fascel.
With deep roots in traditional banking and a clear eye on modern investment needs, Tiwari’s elevation reflects HDFC Bank’s intent to keep experience and execution closely aligned. For the bank, it is a steady hand at the wheel. For Tiwari, it is a role that brings his long, varied journey neatly full circle.
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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.
