Yes Bank Limited approved the appointment of Mr. Tushar Patankar as Chief Risk Officer for 3 (three) years, effective from December 01, 2023. He has joined the Bank effective from November 20, 2023 as Senior Management Personnel (SMP) of the Bank. The appointment of Mr. Tushar Patankar as CRO is being made in compliance of the Reserve Bank of India, Circular No.

RBI/2016-17/294 DBR.BP.BC.No.65/21.04.103/2016-17 dated April 27, 2017 on Risk Management Systems - Role of Chief Risk Officer. 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 the bank 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.