Private lender Yes Bank Limited announced the appointment of Tushar Patankar as Chief Risk Officer, with effect from December 1, 2023.
According to the company’s exchange filing, “Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we wish to inform you that the Board of Directors of the Bank has approved appointment of Mr. Tushar Patankar as Chief Risk Officer (CRO) of the Bank for the period of 3 (three) years, effective from December 01, 2023.”
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.
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, ORM, Legal Risk Management, Information Security, RICU & AML, and all other Pillar II risks of the Bank.
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