Indian Yes Bank appoints Sumit Bali, ex-Axis Bank retail head, as retail business head, amidst ongoing stake acquisition talks.

Indian private lender Yes Bank has appointed Sumit Bali, an experienced banking professional with nearly 30 years in retail banking, as the head of its retail business and collections. Bali, previously head of retail lending at Axis Bank, is set to join Yes Bank on August 26, reporting to executive director Rajan Pental. His appointment comes as Yes Bank seeks a new promoter and is in advanced talks with Japanese lender Sumitomo Mitsui Banking Corp and Dubai-based Emirates for a majority stake acquisition.

August 16, 2024
5 Articles