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Yes Bank CEO: Rajat Monga, Pralay Mondal in fray to succeed Rana Kapoor

Yes Bank CEO: Rajat Monga, Pralay Mondal in fray to succeed Rana Kapoor

Yes Bank CEO: Rajat Monga, Pralay Mondal in fray to succeed Rana Kapoor
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By CNBC-TV18 Sept 24, 2018 6:50:59 AM IST (Updated)

While Monga has been with the company since its inception in 2004, Mondal joined the firm in 2012. 

Rajat Monga, senior group president of the financial markets at Yes Bank and Pralay Mondal, business head of retail and business banking, are likely to be in the race to replace the bank's managing director and CEO Rana Kapoor who will step down in January 2019, according to Macquarie report. 

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While Monga has been with the company since its inception in 2004, Mondal joined the firm in 2012.
Monga, who has also served as the chief financial officer of the bank, is likely to be the frontrunner for the role, said Macquarie in its report.
Monga has been handling the business of banking, the core technology platforms of the bank and has been an eminent member in scaling up retail and business of banking solutions.
Monga, by profession, is an engineer from IIT Delhi and holds a postgraduate diploma in management from IIM Ahmedabad.
Citigroup, another brokerage house, also sees Monga as the potential candidate for the Kapoor's post.
Whereas, Pralay Mondal has spent more than two decades in retail and business banking.
Mondal takes care of retail banking, branch banking, lending to small enterprises and lending to medium-sized businesses.
Before Mondal joined Yes Bank, he worked with HDFC Bank as the head of retail assets, credit cards, outbound contact center and merchant establishment business.
Mondal too is an engineer from IIT Kharagpur and has done his post graduation in management from IIM Kolkata. He has earlier held key positions in Colgate Palmolive, Wipro Ltd, Standard Chartered and HDFC Bank.
The Reserve Bank of India (RBI) asked Kapoor to step down from his position in January, without citing reasons.
"The Board of Directors of the Bank are scheduled to meet on September 25, 2018 to decide on the future course of action," Yes Bank said in a regulatory filing.
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