RBI Approves Pralay Mondal’s Reappointment as CSB Bank MD & CEO

CSB Bank has received approval from the Reserve Bank of India (RBI) to reappoint Pralay Mondal as Managing Director and Chief Executive Officer for a period of three years, as per the reports. The reappointment will be effective from September 15, 2025.

RBI Approval Under Banking Regulation Act

The approval was conveyed through a letter dated June 12, 2025, under Section 35B of the Banking Regulation Act, 1949. CSB Bank disclosed the update in a regulatory filing to the stock exchanges.

As required under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, the bank will seek shareholder approval within the mandated time frame.

Pralay Mondal at CSB Bank

Pralay Mondal joined CSB Bank in September 2020. He was initially appointed as President, where he handled retail, SME, operations, and IT functions. In February 2022, he was promoted to Deputy Managing Director.

Since April 2022, he has been functioning as the interim MD and CEO of the bank.

Read More: First Time Since 2011: PSU Banks Outpace Private Banks in Loan Growth in FY25!

Previous Roles

Before joining CSB Bank, Mondal headed the retail banking segment at Axis Bank. He has also worked with several other organisations, including YES Bank, HDFC Bank, Standard Chartered Bank, Wipro InfoTech, and Colgate-Palmolive.

CSB Bank Share Price Performance

As of 10:46 AM on June 13, 2025, CSB Bank Ltd share price was trading at ₹385.00, down 1.02%; the stock has gained 23.91% over the past 6 months and 11.51% over the past year.

Conclusion

With the RBI’s approval in place, the bank has initiated the process to complete formalities required for the continuation of Mondal’s leadership for another three years, pending shareholder nod.

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