YES Bank has named Sumit Bali as the Country Head of Retail Assets and Debt Management, effective immediately. In this key role, Bali will spearhead the bank’s efforts to expand and enhance its retail and rural assets and oversee debt management strategies.
Bali brings over three decades of experience in retail lending and collections, having previously held senior leadership positions at Axis Bank, India Infoline Group, and Kotak Mahindra Bank. His deep understanding of the retail assets segment and his expertise in driving business growth are expected to be crucial as YES Bank focuses on sustainable growth and fortifying its position in the market.
Rajan Pental, Executive Director, YES Bank, expressed confidence in Bali’s appointment, stating, “Sumit Bali’s 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 Bali’s leadership will be pivotal in achieving our objectives and reinforcing our position as the Bank of Choice across all customer segments.”
In his new role, Bali will collaborate closely with key stakeholders to ensure the organisation’s best-in-class management and governance practices, further strengthening YES Bank’s assets business.
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YES Bank’s strategic appointment of Bali aligns with its commitment to bolstering its retail banking operations and expanding its footprint in the rural sector. The bank continues to innovate and adapt in the competitive BFSI landscape.
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