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CSB Bank To Seek Shareholders' Nod To Extend Interim Head Pralay Mondal's Term

CSB Bank To Seek Shareholders' Nod To Extend Interim Head Pralay Mondal's Term

NDTV
Monday, September 05, 2022 12:07:24 PM UTC

CSB Bank will seek shareholders' nod for Pralay Mondal's appointment at the 101th Annual General Meeting (AGM) to be held on September 27, 2022, the private sector lender said in its annual report 2021-22.

Indian origin Canadian billionaire Prem Watsa's Fairfax India Holdings promoted CSB Bank will seek shareholders' nod later this month to extend interim head Pralay Mondal's term till a regular MD & CEO is appointed.

CSB Bank will seek shareholders' nod for Mr Mondal's appointment at the 101th Annual General Meeting (AGM) to be held on September 27, 2022, the private sector lender said in its annual report 2021-22.

He was appointed as the interim MD & CEO with effect from April 1, 2022 for a period of three months and further got an extension from July 1 till September 30.

Mr Mondal was elevated as the deputy managing director of south-based CSB Bank from February 17, 2022 from the position of president (Retail, SME, Operations, and IT) up to February 16, 2025.

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