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CSB Bank appoints Pralay Mondal as the MD & CEO of the Bank

By Leandra Monteiro

September 16, 2022

  • CEO
  • CSB Bank
  • Digital Transformation

CSB BankCSB Bank Limited announced that pursuant to the approval received from Reserve Bank of India on September 15, 2022, the Board of Directors of the Bank in its meeting held on the same day, has approved the appointment of Mr. Pralay Mondal as the Managing Director & CEO of the Bank. His appointment is for a period of three years from September 15, 2022 up to September 14, 2025 (both days inclusive) in line with the approval of RBI.

Mr. Mondal joined the Bank as President (Retail, SME, Operations and IT) on September 23, 2020 and was appointed as the Deputy Managing Director of the Bank with effect from February 17, 2022. He held the position of interim Managing Director & CEO of the Bank with effect from April 1, 2022 till date, in the absence of regular Managing Director & CEO in the Bank.

At CSB Bank, Mr. Mondal has been working on enhancing the Retail Franchise distribution and branches, while building future-ready technology platform, with larger focus on digital initiatives with special drive on automation and centralisation of processes for consistent delivery within defined timelines. He has also been creating experienced human capital to focus on specialised scalable new products and business, getting robust and predictable operational processes and building stronger credit verticals and policies to ensure the independence of credit to help build scaled quality retail and future-ready SME franchise.

Prior to joining CSB Bank, Mr. Mondal was Executive Director & Head of Retail Banking at Axis Bank. He has around 30 years of banking experience across multiple businesses and functions including retail assets, retail liabilities, business banking, products and technology. Before joining Axis Bank, he was the Senior Group President and Head of Retail and Business Banking at Yes Bank. He was instrumental in setting up the entire retail franchise in that bank in a short period of time.  At Yes Bank, Mr. Mondal used to frequently meet the Investors and Analysts and have been part of the core group engaging with relevant people in India or overseas to represent the bank for raising capital.

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