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Pralay Mondal quits YES Bank

Pralay Mondal, senior group president and head – Retail and Business Banking at YES Bank has resigned, the bank said in a statement. Monday will serve his notice period and will be with the bank till 31 March, it added. He had joined the bank in 2012. The resignation comes at a time when the bank is readying for a new MD and CEO, after Ravneet Singh Gill has been named to succeed Rana Kapoor. Gill is expected to take over the reins of the bank on 1 March. The bank had earlier promoted Mondal and Rajat Monga as EDs as part of its long term succession planning, but the decision was yet to be approved by the RBI.

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