Patankar comes from L&T Financial Services, where he most recently served as Group Chief Risk Officer

Tushar Patankar has been appointed Chief Risk Officer (CRO) by Yes Bank.

Patankar will be in charge of the bank's Enterprise Risk, Credit Policy, Market Risk, Operations Risk Management (ORM), Information Security, and all other Pillar II risks. Patankar will be based at Yes Bank House in Mumbai, the bank's registered office. He will report to Prashant Kumar, Managing Director and CEO of Yes Bank, and will assume formal charge as the Bank's CRO on December 1, 2023.

Patankar holds nearly three decades of diversified experience in risk management and has front-ended business expansion roles encompassing segments such as Retail (urban and rural products), Micro Finance, Corporate (conglomerates, MNCs and large Indian firms), Institutional Finance, Infrastructure, Real Estate, SME, Market Risk as well as growth management portfolios across leading foreign banks, private banks and NBFCs.

Patankar comes to Yes Bank from L&T Financial Services, where he most recently served as Group Chief Risk Officer, overseeing Retail, Microfinance, Corporate, Infrastructure, Real Estate, and Mutual Fund operations across 1,800 locations. He has previously worked for companies such as ANZ, HSBC, ABN AMRO, IDFC First Bank, Bajaj Finance, and Mashreq Bank.