The shares of CSB Bank jumped by 4.86 per cent to Rs 240.35 after the bank appointed a new managing director (MD) & chief executive officer (CEO), Pralay Mondal, for three years w.e.f 15 September 2022.

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From February 2022, Pralay Mondal was the deputy managing director of the bank and appointed as the interim managing director & CEO w.e.f 1 April 2022, in the absence of a regular managing director & CEO in the bank. Before joining CSB bank, Mondal has experience as executive director and head of retail banking at Axis Bank. He has 30 years of work experience in the banking industry across businesses and functions, including retail assets and liabilities. He completed his engineering degree from IIT Kharagpur and a management graduate from IIM, Calcutta.

On a consolidated basis, CSB Bank reported a net profit of Rs 114.52 crore in the first quarter of  FY23 compared with the first quarter of FY22 is Rs 61 crore. Also, total income hit a 4.3 per cent  YoY to Rs 590.78 crore in the first quarter of FY23.