The private lender CSB Bank Limited on Friday announced today that the Board has appointed Pralay Mondal as President (Retail, SME, Operations and IT). He is likely to join the Bank in September 2020.

Pralay Mondal has recently tendered his resignation from his current position as Executive Director & Head of Retail Banking in Axis Bank.

Earlier, the bank announced its fourth-quarter results cutting the net loss to ₹60 crore.

The bank's shares gained as much as 19.5 per cent to trade at ₹179.90.