Mumbai, Feb 3 (PTI) Yes Bank on Friday said its head of retail portfolio, Rajan Pental, has been elevated as the executive director.

The Reserve Bank has approved the appointment of Pental for a period of three years starting from Thursday, according to an official statement from the private sector lender.

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Pental has been associated with the lender since 2015, and oversees branch banking, affluent banking, NRI banking, retail assets, SME banking, rural and agriculture banking, third party distribution, marketing and corporate communication, retail collections, retail legal, retail service excellence and customer experience, liabilities product management, credit cards and merchant acquisition.

Welcoming the appointment, its chief executive officer Prashant Kumar said Pental has been instrumental in building a robust retail franchise for the bank.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)