Sumit Bali likely to be named as Axis Bank’s new head of retail assets: Report

Sumit Bali, who recently resigned as Chief Executive Officer at IIFL Finance, is likely to join Axis Bank to head its retail businesses, according to a media report.

Axis Bank

As reported by CNBC-TV18, at Axis Bank, Bali will be replacing Pralay Mondal, who recently resigned from the bank to join CSB Bank as President of Retail and SME operations. The ex- IIFL Finance executive is most likely to join Axis Bank in July as President- Retail Assets, CNBC-TV18 has learnt from its sources.

Sumit Bali was earlier associated with IIFL Finance for two years as its Chief Executive. He had also worked with Kotak Mahindra Bank between 2014 and 2018 as its Senior Vice President. Prior to that, He was associated as the Chief Executive Officer of Kotak Mahindra Prime.

Also Read: Axis Bank’s former Retail Banking Head Pralay Mondal to join CSB Bank

Bali has a graduation degree from St Stephens College in Delhi University and a post-graduate degree from IIM, Ahmedabad.

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