IIFL Holdings has announced appointment of Sumit Bali as Chief Executive Officer (CEO) and Executive Director (ED), of its subsidiary India lnfoline Finance, which will be effective from today.

Before joining India lnfoline, Bali worked as the Senior Executive Vice President at Kotak Mahindra Bank. Further, in a regulatory filing IIFL Holdings stated, “Sumit Bali is appointed as Chief Executive Officer and Executive Director of India Infoline Finance Ltd, Material NBFC subsidiary of the company, with effect from June 25, 2018.”

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