Yes Bank appoints Dayal as business banking president

MUMBAI: Yes Bank today announced the appointment of Munish Dayal as president business banking. He will be responsible for planning, directing and steering the business banking (Small and Medium Enterprises/Emerging Local Corporate relationship based) activities of the bank.

Prior to joining Yes Bank, Dayal handled various responsibilities across diverse business functions and geographical locations for Citigroup, most recently based in London and prior to that in India.

Dayal is a commerce graduate from Sriram College, Delhi and a merit holder of the Business Administration degree from Faculty of Management Studies (FMS), Delhi.

Earlier, he was the Business Head at Citibank and was responsible for developing and managing the SME segment in Europe, Middle East and Africa. He has vast, cross-functional experience in banking, encompassing Transaction, Retail and Financial Institution Banking, apart from a sound product and operational knowledge. Being on the international circuit, he has a global perspective of the business and brings a lot of value to the table. Dayal has also undergone various training programs and has a number of awards and recognitions to his credit.

Having worked across continents, Dayal has a global perspective of the business and brings with him knowledge of latest trends and growth opportunities to Yes Bank.

Dayal said, "I believe I can make significant addition with my vast domain experience that will complement Yes Bank's corporate ethos of being a knowledge driven institution. I am positive that our association will help garner new business opportunities in the SME sector. It's always a pleasure to be a part of such a high powered team. I believe at Yes Bank, there is a unique entrepreneurial opportunity to create a paradigm in Banking as opposed to being a pert if predefined, age-old systems in established Banks."

Speaking on the new appointments Yes Bank MD and CEO Rana Kapoor said, "It is our fullest endeavor to attract the finest talent in India in a pursuit to build a world-class organisation and create an institution of enduring trust and value. Munish's understanding of the Commercial Banking/ SME business at Citibank in various locations as well as his vast, cross-functional experience in banking, encompassing Transaction, Retail and Financial Institution Banking, will give Yes Bank an edge in our quest to establish a high quality, technology driven, state-of-the-art private Indian Bank."

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