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India Infoline Finance appoints Sumit Bali as CEO and Executive Director

6/25/2018

Mumbai,India Infoline Finance Ltd has appointed veteran banker Mr Sumit Bali as CEO and Executive Director of the company. Mr Bali was the previously Senior Executive Vice President at Kotak Mahindra Bank, where he was leading the Bank’s lending businesses including home loans, LAP, secured working capital for small businesses, business loans, credit cards, loans against shares and salaried personal loan business. Prior to this role, Mr Bali was the CEO of Kotak Mahindra Prime Limited, in addition to leading certain secured and unsecured businesses in the Bank. Over the last 10 years, he has also been a member of the Kotak Leadership team. Mr Bali has done his MBA from IIM Ahmedabad and BA Maths from St Stephen’s College in Delhi. Mr R. Venkataraman, MD IIFL Holdings welcomed his appointment and said, "Sumit, with his vast and varied experience in lending across multiple asset classes will drive our NBFC to the next level of growth.' India Infoline Finance is one of India’s leading non-banking finance companies with a loan assets under management of over Rs 31,000 crores at the end of March 31, 2018.

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