NE BUSINESS BUREAU
MUMBAI, FEB 3
YES BANK on Friday announced that the Reserve Bank of India (RBI) has approved the appointment of Rajan Pental as an Executive Director of the Bank for a period of three years w.e.f. February 2, 2023.
Pental has been a part of YES BANK since November 2015, and is currently serving as the Global Head of Retail Banking group. 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, Retail Service Excellence & Customer Experience, Liabilities Product Management, Credit Cards and Merchant Acquisition. He is also on the Board of YES Securities, a wholly owned subsidiary of the Bank.
In addition to his appointment as an Executive Director, Pental will continue to spearhead the Bank’s Retail Banking portfolio.
- Pental, who has been with YES Bank since November 2015, will continue to head retail banking; he is also non-executive director at YES Securities
- Given his rich experience within the financial landscape, I am sure he will continue to steer the Bank towards newer growth horizons: Prashant Kumar, MD & CEO, YES BANK
Commenting on the appointment, Prashant Kumar, MD & CEO, YES BANK said, “I take this opportunity to congratulate Mr. Pental on his appointment as Executive Director of the Bank. Pental has been instrumental in building a robust retail franchise for the Bank which we, as an organisation, are extremely proud of. Given his rich experience within the financial landscape, I am sure he will continue to steer the Bank towards newer growth horizons.”