Yes Bank Ropes In Sumit Bali As Country Head Of Retail Assets & Debt Management

Yes Bank onboards Sumit Bali as the new Country Head of Retail Assets and Debt Management, effective immediately.

Bali will oversee the growth and profitability of the Bank’s retail and rural asset portfolios as well as its debt management operations. He will collaborate with key stakeholders to enhance the Bank's asset management, ensuring top-tier practices and governance throughout the organisation, the company stated.

Commenting on the appointment, Rajan Pental, Executive Director, Yes Bank said, "We are pleased to welcome Sumit Bali to YES BANK. His extensive experience and deep understanding of retail assets, rural assets, and debt management will be instrumental in driving our strategic goals. As we continue to focus on sustainable growth and building a robust assets business, I am confident that Mr Bali's

leadership will be pivotal in achieving our objectives and reinforcing our position as the Bank of Choice across all customer segments. I wish him every success in his new role at Yes Bank."

Bali brings over 30 years of expertise in retail lending and collections to his new role. Known for his success in establishing profitable and sustainable asset businesses, he has managed substantial P&L accounts and led diverse teams nationwide.

Prior to joining Yes Bank, Bali held leadership positions at major financial institutions such as Axis Bank, India Infoline Group and Kotak Mahindra Bank.