Mumbai, Feb 18 (FN Agency) CSB Bank on Friday said it has received the approval of the Reserve Bank of India to appoint Pralay Mondal as its Deputy Managing Director. Mondal’s tenure as the Deputy MD is for three years from February 17, 2022, the bank said in a statement here. Mondal’s prior appointment in the bank since September 23, 2020 was as President (Retail, SME, Operations and IT), it said. “With over 30 years of banking experience across multiple business and functions including retail assets, retail liabilities, business banking, products and technology, Mondal has been instrumental in building up various facets in leading banks and reputable organizations such as Axis Bank, Yes Bank, HDFC Bank, Standard Chartered Bank, Wipro InfoTech and Colgate Palmolive,” the statement further said.
Mondal is also credited with building broking and capital market businesses, wealth management franchise, private banking, bank promoted NBFCs, credit cards and large payments franchise and digital businesses. “At CSB in last 16 months, 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,” it stated. The bank added that Mondal 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 independence of credit to help building scaled quality retail and future ready SME franchise.