It’s no more rumour, Pralay Mondal is joining CSB Bank

To head Retail, SME, Operations & IT

THRISSUR: Despite having been rejected by many at the top brass of CSB Bank, as unfounded, the reports of Pralay Mondal joining the Thrissur-based bank as the organization’s President (Retail, SME, Operations and IT) have been confirmed officially by the bank itself.

Mondal, a professional with varied experience right through several large private sector banks and corporate houses is expected to join the bank in September 2020.

Pralay Mondal has recently tendered his resignation from his current position as Executive Director & Head of Retail Banking in Axis Bank.

He has around 30 years of banking experience across multiple business and functions including retail assets, retail liabilities, business banking, products and technology.

Prior to joining Axis Bank, Mondal had served as 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 Yes Bank in a short period of time.

Previous to that, he had a successful 12-year stint at HDFC Bank and was earlier associated with Standard Chartered Bank, Wipro InfoTech and Colgate Palmolive.

Mondal’s achievements include pioneering efforts in doorstep banking and direct sales, creating deep geography distribution, and building and scaling up of retail businesses.

He is also credited with building capital market, wealth management, private banking, NBFC, credit cards, payments and digital businesses, from scratch, according to a CSB Bank release.

The CSB Bank Board said it was convinced that with his extensive banking background, leadership experience and track record, Mondal, an engineer from IIT, Kharagpur and a management graduate from IIM, Calcutta, is the right person to help redefine customer experience and the brand promise at CSB, and to contribute significantly to the overall growth of the organization, especially in the retail and SME segments.

MD & CEO of CSB Bank, C VR Rajendran, said the he looks forward to his playing a key leadership role at the bank. “Mondal brings strong commercial banking expertise and experience to CSB Bank. He has an excellent track record of having built retail and SME businesses, while maintaining healthy portfolio quality and service levels,” he added.

 

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