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Mondal also said that the bank does not see any major impact on its gold loan portfolio after reviewing the policy and entire portfolio.
For fiscal year 2022-23, the lender recorded a profit of Rs 547 crore. Pralay Mondal says the bank is looking at partnering with fintech companies in the long run, but there are no plans for now.
Prior to joining CSB Bank, Mondal was Executive Director & Head of Retail Banking at Axis Bank.
IDBI Bank’s ownership can be a shot in arm for Fairfax’s banking ambitions as the former is ten times the size of CSB Bank in terms of asset base
CSB Bank has chalked out its growth plan. However, a lot depends on execution
While Q3 FY22 was a strong quarter for CSB Bank, investors would want to know what will drive its future growth and earnings
Investors can expect a bigger scale of operations and improved profitability in the medium term
While CSB’s overall loan growth was a healthy 22 per cent YoY in Q3, gold loans increased by a whopping 60 per cent YoY
CSB Bank is on its way to transform into a new age bank with a wider presence, offering varied products and using the latest available technology solutions for its operations
"After joining CSB Bank, Mondal may later take up a leadership position following a transition period," a source told Moneycontrol.
