Yes Bank appoints Mr. Sumit Bali as Country Head, Retail Assets and Debt Management

Yes Bank has announced the appointment of Mr. Sumit Bali as the Country Head - Retail Assets and Debt Management.

In his role, Mr. Bali will be responsible for driving the growth and profitability of the retail assets, rural assets, and debt management businesses, which are crucial to the Bank’s overall success. He will work closely with key stakeholders to strengthen the Bank’s assets business, ensuring best-in-class management and governance practices across the organisation.

Commenting on the appointment, Mr. Rajan Pental, Executive Director, Yes Bank, said, “We are pleased to welcome Mr. Sumit Bali to YES BANK. His extensive experience and deep understanding of the 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.”

Mr. Bali is an accomplished banking professional with over 30 years of experience in Retail Lending and Collections. He has a proven track record of building highly profitable and sustainable assets businesses from the ground up, and has managed large P&L books and diverse teams across the country. Before joining Yes Bank, Mr. Bali held significant leadership roles in major financial institutions, like Axis Bank, India Infoline Group and Kotak Mahindra Bank, where he demonstrated his ability to drive business growth and foster a strong community of Retail Assets professionals within the BFSI ecosystem.