Kerala-based CSB Bank has announced the appointment of Pralay Mondal as the new Managing Director and Chief executive officer (CEO).
According to the bank, Pralay Mondal is appointed for the period of three years with effect from September 15, 2022 to September 14, 2025.
The Board of Directors of the Bank has authorized the appointment of Pralay as the MD & CEO of the Bank on September 15, 2022.
“The Board of Directors of the Bank in its meeting held on Thursday, on the recommendations of the Nomination and Remuneration Committee, has approved the appointment of Pralay Mondal as Managing Director & CEO of the Bank for a period of three years with effect from September 15, 2022,” CSB bank said in a press note.
“The Bank will seek approval of the shareholders for the said appointment within the prescribed time period, as per the applicable provisions of the Companies Act, 2013 and SEBI Listing Regulations,” it added.
The appointment is based on the consent granted by the Reserve Bank of India (RBI). Pralay Mondal has around 30 years of banking experience across multiple businesses and functions including retail assets, retail liabilities, business banking, products, and technology.
Prior to joining CSB Bank, Pralay Mondal was Executive Director & Head of Retail Banking at Axis Bank. Before joining Axis Bank, he was the Senior Group President and Head of Retail and Business Banking at Yes Bank, where he was instrumental in setting up the entire retail franchise in that bank. P
Earlier, Pralay Mondal had a 12 years stint at HDFC Bank and was earlier associated with Standard Chartered Bank, Wipro InfoTech, and Colgate Palmolive.