BBN Bureau
KOCHI/February 17-2022: The Reserve Bank of India (RBI) has today (February 17) accorded formal approval for the appointment of Pralay Mondal as the deputy managing director of CSB Bank.
The move follows the announcement of the early retirement on January 8 by C VR Rajendran from the post of managing director and CEO of CSB Bank, to be effective from March 31, 2022.
It was in September 2020, Mondal joined CSB Bank as the President, (Retail, SME, Operations and IT, of the bank after resigning from Axis Bank).
CSB had appointed Pralay Mondal on January 8 as the deputy managing director’ of CSB Bank subject to the approval of Reserve Bank of India (RBI).
“RBI has today, vide their letter dated February 17, 2022, conveyed their approval in terms of Selection 35 B of the Banking Regulation Act, 1949, to the appointment of Pralay Mondal as the deputy managing director of the bank, for a period of three years from the date of approval letter cited above,” a CSB Bank letter said.
