Mumbai: Private sector lender CSB Bank on Friday announced the appointment of Pralay Mondal as the organisation’s President who will lead its retail, SME, operations and IT functions. Mondal will join the bank in September 2020.
ET has reported on June 15, that Mondal had quit Axis Bank merely a year after joining as its retail head. Sources indicated that Mondal will eventually be promoted as the CEO of the Thrissur based bank which is majority owned by Canadian Billionaire Prem Watsa. Currently, the bank is headed by CVR Rajendran.
“Mondal is a proven trailblazer who brings strong commercial banking expertise and experience to CSB Bank,” said Rajendran. “He has an excellent track record of having built retail and SME businesses, while maintaining healthy portfolio quality and service levels. I am confident that we have selected the choicest person for CSB Bank and that he will drive strong and healthy business growth in the years ahead”.
Prior to Axis Bank, Mondal had been the head of commercial business banking and rural banking and senior group president of retail and business banking at Yes Bank from September 2012.
Before joining Yes Bank, he was the head of retail assets and credit cards at HDFC Bank.
He has 30 years of experience across retail banking, business banking, products and technology. Mondal is an engineer from IIT, Kharagpur, and a management graduate from IIM, Calcutta.