TIL Desk/Business/Mumbai/ Close on the heels of long time MD and CEO Rana Kapoor demitting office, Yes Bank senior group president and head – retail and business banking Pralay Mondal has tendered his resignation.
“Pralay Mondal has tendered his resignation as senior group president and head – retail and business banking of Yes Bank on January 31, 2019. He will serve notice till close of business hours of March 31, 2019,” Yes Bank said in a regulatory filing.
On January 31, Rana Kapoor’s reign as the Managing Director and Chief Executive of Yes Bank, which was co-founded by him, ended. Mondal, who had joined Yes Bank in 2012, was one of the two senior officials who were elevated to the post of Executive Directors in September last year.
In September 2018, to ensure a long-term succession plan, Yes Bank board decided to elevate senior group presidents Rajat Monga, who handled financial management, and Pralay Mondal, who headed the focus area of retail, as executive directors. Yes Bank did not disclose the reason behind Mondal’s resignation.
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