Reserve Bank of India named Pralay Mondal as CEO of CSB Bank

Reserve Bank of India named Pralay Mondal as CEO of CSB Bank: On September 16, Kerala-based CSB Bank announced the appointment of Pralay Mondal as the bank’s new Managing Director and CEO.

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According to a press release, the Board of Directors of the Bank authorised the appointment of Mondal as the MD & CEO of the Bank on September 15, 2022, based on the consent granted by the Reserve Bank of India (RBI). He was the Deputy Managing Director of the bank since February 17, 2022, and was subsequently appointed as interim MD & CEO with effect from April 1, 2022. Prior to joining CSB Bank, Mondal was Executive Director and Head, of Retail Banking at Axis Bank.

Experience of Pralay Mondal:

At CSB Bank, Mondal has been working on expanding retail franchise distribution and branches, building technology platforms with a larger focus on digital initiatives towards automation and centralisation of processes. Mondol has around 30 years of banking experience across businesses and functions, including retail assets, retail liabilities, business banking products and technology.

Before Axis Bank, he was the senior group president and head of retail and business banking at Yes Bank, wherein he was instrumental in setting up the entire retail franchise in a short period of time. Prior to Yes Bank, he has worked at HDFC Bank, Standard Chartered Bank, Wipro InfoTech and Colgate Palmolive.