Yes Bank Limited announced Mr. Rajat Chhalani has been appointed as Chief Compliance Officer of the Bank for the period of 3 years, effective from December 01, 2023, who is also being categorized as SMP in line with his previous incumbent. Mr. Ashish Chandak who has completed his term as CCO of the Bank will be assuming a new role, which is not classified as SMP of the Bank. Mr. Rajat Chhalani is a qualified chartered account with over 2 decades of rich experience in banking. Mr. Chhalani began his career with ICICI Bank where he spent 7 years in Corporate Risk Management and Credit Underwriting-Mortgages. Mr. Chhalani joined Yes Bank in 2010 and in the last 13 years with the bank he has successfully led multiple functions in wholesale credit risk department, reporting to Chief Credit Risk Officer. He managed the credit underwriting team handling strategic clients and
Infrastructure led groups, across sectors like renewable energy, metals, roads, ports, and airports and also a team specializing in Real Estate,
Hospitality, Hotels, and Education sectors. In his current role, Rajat is heading the Credit Monitoring Unit managing EWS, Transaction Monitoring, Project Monitoring and Retail Hindsighting.