Mumbai/IBNS, Feb. 4 -- Shares of Yes Bank edged higher on Tuesday after the Reserve Bank of India (RBI) approved the appointment of Vinay Muralidhar Tonse as the bank's new Managing Director and Chief Executive Officer, media reports said.

On the BSE, Yes Bank shares rose by 0.24 points, while on the NSE the stock gained 0.22 points.

The announcement comes close on the heels of Yes Bank posting a strong performance in the third quarter of FY2025-26.

The private lender reported a sharp improvement in profitability, supported by sustained business momentum, strong growth in granular CASA deposits, improved margins, and better asset quality.

Yes Bank's earnings surged 55.4 per cent year-on-year to Rs 952 crore, while profit rose 45.4 per...