Reappointment Approved—Mondal to Drive CSB’s Next Growth Chapter

Image Source: Current Affairs - Adda247

CSB Bank Ltd (NSE: CSBB.NS) has been approved by the Reserve Bank of India (RBI) to reappoint Pralay Mondal as its Managing Director and Chief Executive Officer for three years from September 15, 2025. The reappointment reflects the bank's dedication to leadership continuity and strategic development under Mondal's leadership.

1. RBI Approval and Shareholder Process

RBI approval was conveyed in a letter dated June 12, 2025, under Section 35B of the Banking Regulation Act, 1949.
CSB Bank will now make an approach to shareholders under the Companies Act, 2013, and SEBI Listing Regulations.

2. Leadership Journey

Pralay Mondal had joined CSB Bank in September 2020 after leading retail banking at Axis Bank.
He was initially appointed President of Retail, SME, Operations, and IT, before being elevated to the role of Deputy Managing Director in February 2022.
From April 2022, he has been serving as interim MD & CEO, guiding the bank through a phase of digital expansion and retail growth.

3. Strategic Outlook

CSB Bank during Mondal has focused on branch growth, technological upgradation, and retail franchise strengthening.
Reappointment is expected to further support the bank's effort to increase size and enhance shareholder wealth.

Sources: Financial Express, CNBC TV18, Capital Market