YES BANK names Rajan Pental as Executive Director

Rajan Pental

YES BANK appointed Rajan Pental as executive director for a three-year term beginning February 2, 2023, on Friday.

Rajan Pental now serves as YES BANK’s Global Head of Retail Banking. He’s been at YES BANK since November of 2015. He has been in charge of developing the bank’s retail portfolio.

“He has been responsible for building a strong retail portfolio for the Bank that includes – branch banking, retail, affluent banking, NRI Banking, retail assets, SME Banking, rural & agriculture banking, third party distribution, marketing & corporate communication, retail collections, retail legal,” said the bank in its filing.

YES BANK, based in Mumbai, recently announced its third-quarter earnings for fiscal year 23 on Saturday. The bank reported a PAT of 51.52 crore in Q3FY23, compared to 266.43 crore in the same period last year, or an 80.66 per cent decrease.

Also Read | YES Bank partners with Microsoft to develop new-gen mobile application

Net interest income (NII) was 1,971 crore for the quarter, up 11.7 per cent year on year but down 1 per cent quarter on quarter. Net interest margin (NIM) increased by 10 basis points (bps) year on year to 2.5 per cent in Q3FY23, but decreased by 10 basis points (bps) quarter on quarter.

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