CSB Bank Limited has informed the Exchange regarding outcome of Board Meeting held on Tuesday, June 24, 2025
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The Board of Directors of CSB Bank Limited, on the recommendation of the Nomination & Remuneration Committee, has reappointed Mr. Pralay Mondal as the Managing Director & CEO of the Bank. The reappointment is for a period of three years, effective from September 15, 2025 to September 14, 2028. The Bank confirmed that Mr. Mondal is not related to any existing Directors or Key Managerial Personnel, and is not debarred from holding a directorship by SEBI or any other authority. The Board meeting was held on June 24, 2025.
The reappointment provides leadership continuity at the top of the Bank for the next three years, which may be viewed positively by investors as it signals stability in strategic direction. No immediate material impact on stock price is expected from this announcement alone.