Shri Vinay M. Tonse
MD
State Bank of India
Profile
Shri Vinay M. Tonse has taken charge as Managing Director (Retail Business and Operations) at State Bank of India (SBI) on 21/11/2023. He has done his B.com from St. Joseph College of Commerce, Bangalore, and Master’s in Commerce from Bangalore University.
Shri Tonse started his career with SBI in 1988 as Probationary Officer. He has worked in different geographical locations in India and abroad heading various business functions. He has deep experience of handling and managing various areas of Banking such as Corporate Credit, International Banking, Treasury Operations, Equity Portfolio Management, Retail Banking and Training, Agriculture and Rural Banking.
Shri Tonse was also on deputation to SBI Mutual Funds as Managing Director & CEO (June 2020 to December 2022). SBI Mutual Funds is the largest Asset Management Company in India with an 18% market share approximately.
Earlier, he was heading the Chennai Circle of SBI as Chief General Manager (June 2018 to June 2020). He had the overall responsibility of managing 15000 employees and a network of 1260 branches and offices of SBI situated in Tamil Nadu and Puducherry.
Some of the other assignments held by Shri Tonse in SBI are as under:
- Member of Faculty at the apex level State Bank Staff College at Hyderabad
- Chief Executive Officer, SBI Osaka Branch, Japan (August 2009 to June 2013)
- Deputy General Manager, Equity & Commodities (Global Markets), Corporate Centre, Mumbai (June 2013 to November 2016)
- General Manager, Corporate Accounts Group, Branch BKC, Mumbai (November 2016 to June 2018)
- Deputy Managing Director, Corporate Accounts Group, State Bank of India, Corporate Centre, Mumbai
