Private sector bank CSB Bank Ltd on Thursday (June 12) announced that the Reserve Bank of India (RBI) has approved the reappointment of Pralay Mondal as managing director and CEO of the bank for a further period of three years, effective September 15, 2025.The bank will now seek shareholder approval for the reappointment within the timeframe mandated under the Companies Act, 2013, and SEBI Listing Regulations.
Mondal joined CSB Bank in September 2020 from fellow private lender Axis Bank, where he headed the retail banking division. At CSB Bank, Mondal’s first stint was as president of retail, SME, operations and IT, after which he was elevated to deputy managing director in February 2022.
Also Read: Jupiter partners with CSB Bank to launch RuPay Credit Card with UPI and cashback rewardsHe had been the bank’s interim MD and CEO since April 2022. Mondal also had prior stints at YES Bank, HDFC Bank, Standard Chartered Bank, Wipro InfoTech and Colgate Palmolive.He is credited with pioneering efforts in doorstep banking and direct sales. At CSB, Mondal has been working on enhancing the bank’s retail franchise distribution and branches while also building a future-ready technology platform.Shares of CSB Bank Ltd ended at ₹388.60, up by ₹0.35, or 0.090%, on the BSE.Also Read: CSB Bank expects no near-term pressure on margins(Edited by : Shoma Bhattacharjee)
