RBI Approves Biswamohan Mahapatra as Part-Time Chairman of CSB Bank

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CSB Bank Ltd has received approval from the Reserve Bank of India (RBI) for the appointment of Biswamohan Mahapatra as its Non-Executive Part-Time Chairman, for a period of three years effective today, May 9, 2025. The announcement marks a significant leadership transition for the bank, reinforcing its governance structure.

Mahapatra, a seasoned banking professional, has an extensive career spanning over 33 years at RBI, where he served in various capacities, including as Executive Director until his retirement in August 2014. His expertise in banking regulation, financial markets, and policy formulation makes him a valuable addition to CSB Bank’s leadership team.

The appointment aligns with CSB Bank’s strategic vision to strengthen its board with experienced professionals who can guide the institution through evolving regulatory and market dynamics. Mahapatra has previously played a crucial role in implementing Basel III regulations and overseeing the framework for small finance banks and payment banks.

With this leadership change, CSB Bank aims to enhance its operational efficiency and governance, ensuring sustainable growth in the competitive banking sector.

Source: Rediff MoneyWiz