CSB Bank Limited has informed the Exchange about receipt of approval of Reserve Bank of India for reappointment of Mr. Pralay Mondal (DIN: 00117994) as Managing Director & CEO of CSB Bank Ltd
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CSB Bank has received RBI approval for the reappointment of Mr. Pralay Mondal (DIN: 00117994) as Managing Director & CEO for a period of three years, effective September 15, 2025. The approval was granted under Section 35B of the Banking Regulation Act, 1949, via RBI's letter dated June 12, 2025. The bank will now seek shareholder approval for the reappointment as required under the Companies Act, 2013 and SEBI Listing Regulations. Mr. Mondal is not related to any existing Director of the Bank and is not debarred from holding the office of Director by SEBI or any other authority.
The reappointment of the existing MD & CEO provides leadership continuity at CSB Bank, which is generally viewed positively by investors as it reduces transition uncertainty. Shareholders will get to vote on the reappointment, and the three-year term beginning September 2025 gives a clear runway for the bank's strategic plans.