Axis Bank is appointing Sumit Bali, who recently resigned as CEO at IIFL Finance, as head, Retail Businesses. Reports in the media suggested he will be replacing Pralay Mondal, who recently resigned from the bank to join CSB Bank. Bali is expected to join the bank in July as president- Retail Assets. He was associated with IIFL Finance for 2 years as its CEO. He had also worked with Kotak Mahindra Bank between 2014 and 2018 as its senior vice president and with Kotak Mahindra Prime as its CEO. He is a graduate from St Stephens College in Delhi University and a post-graduate from IIM, Ahmedabad.
