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Yes Bank appoints Tushar Patankar as chief risk officer
20-Nov-23   14:35 Hrs IST

Tushar is a qualified Chartered Accountant and comes with close to 3 decades of diversified experience in risk & front end business expansion across Retail (Urban & Rural products), Micro Finance, Corporate (Conglomerates, MNC?s & Large Indian firms), Institutional, Infrastructure, Real Estate, SME, Market Risk and growth management roles in leading Foreign Banks, Private Banks and NBFC?s. He has joined the Bank effective from 20 November 2023 as senior management personnel of the bank.

Tushar was associated with companies like ANZ, HSBC, ABN AMRO, IDFC First Bank, Bajaj Finance and Mashreq Bank. He comes to us from L&T Financial Services where he was the group chief risk officer managing retail, microfinance, corporate, infrastructure, real estate, and mutual fund with a geography spread of 1800 locations.

In his new role as CRO for the bank, Tushar will be responsible for Market & Enterprise Risk, Credit Policy, Operational risk management (ORM), Legal Risk Management, Information Security, RICU & AML, and all other Pillar II risks of the Bank.

Yes Bank is a full-service commercial bank providing a complete range of products, services and technology driven digital offerings, catering to retail, MSME as well as corporate clients.

The private lender's standalone net profit jumped 47.37% to Rs 225.21 crore on 24.76% increase in total income to Rs 7,920.68 crore in Q2 FY24 over Q2 FY23.

Shares of the yes bank declined 3.41% to Rs 20.11 on the BSE.

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