Non-public lender Sure Financial institution on Friday introduced that it has appointed Rajan Pental as an govt director for a interval of three years with impact from February 2, 2023.
Rajan Pental is presently the International Head of Retail Banking of Sure financial institution. He has been a part of Sure Financial institution since November 2015. He has been chargeable for constructing a powerful retail portfolio for the financial institution.
He’ll proceed to spearhead the financial institution’s retail banking portfolio, aside from his appointment as an govt director.
“He has been chargeable for constructing a powerful retail portfolio for the Financial institution that features – department banking, retail, prosperous banking, NRI Banking, retail property, SME Banking, rural & agriculture banking, third get together distribution, advertising and marketing & company communication, retail collections, retail authorized,” stated the financial institution in its submitting.
“I take this chance to congratulate Mr. Pental on his appointment as Govt Director of the Financial institution. Mr. Pental has been instrumental in constructing a strong retail franchise for the Financial institution which we, as an organisation, are extraordinarily pleased with. Given his wealthy expertise inside the monetary panorama, I’m certain he’ll proceed to steer the Financial institution in the direction of newer development horizons,” stated Prashant Kumar, MD & CEO, Sure Financial institution.
Mumbai-based Sure Financial institution offered its third-quarter earnings for FY23 on Saturday. The financial institution posted a PAT of ₹51.52 crore in Q3FY23 as in opposition to ₹266.43 crore in the identical quarter final yr, registering a decline of 80.66%.
Through the quarter, web curiosity revenue (NII) got here in at ₹1,971 crore up by 11.7% YoY however marginally down by 1% QoQ. Web curiosity margin (NIM) expanded by 10 bps YoY to 2.5% in Q3FY23, nevertheless, was down by 10 bps QoQ.
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Supply: Live Mint