CSB Bank Limited, a Kerala-based full-service bank that offers retail, wholesale, and SME banking services, announced that the Board has appointed Pralay Mondal as the organization’s President (Retail, SME, Operations and IT). Mondal is expected to join the Bank in September 2020.
Prior to this role, Pralay Mondal was working with Axis Bank as Executive Director & Head of Retail Banking. He has around 30 years of banking experience across multiple business and functions including retail assets, retail liabilities, business banking, products and technology.
Before joining Axis Bank, Mondal was 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 that bank in a short period of time. Prior to that he had a successful 12 years’ 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,” the company said in its press statement.
Mondal is an Engineer from IIT, Kharagpur and a Management graduate from IIM, Calcutta.
“The Bank’s Board was convinced that with his extensive banking background, leadership experience and track record, Mondal 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,” the company added.
Commenting on the development, MD & CEO C VR Rajendran said “We are delighted and excited with the appointment of Mr. Mondal as President (Retail, SME, Operations and IT) and look forward to his playing a key leadership role at the Bank. Mr. Mondal is a proven trailblazer who 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. I am confident that we have selected the choicest person for CSB Bank and that he will drive strong and healthy business growth in the years ahead”.
CSB offers Retail, Wholesale and SME Banking services through its footprint of over 400 branches across the country serving over 1 million customers. Established in 1920 and headquartered in Thrissur, Kerala, CSB has over 250 branches in Kerala covering not just the district headquarters and large towns but also semi-urban and rural centres.
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