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Yes Bank senior group president Pralay Mondal resigns, stock falls 4%

Mondal, who resigned on Thursday, will serve notice till close of business hours of March 31,2019

YES Bank Photo: Reuters
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YES Bank Photo: Reuters

Nikhat Hetavkar Mumbai
Private lender Yes Bank's Senior Group President and Head - Retail & Business Banking, Pralay Mondal has resigned, the bank announced on Friday.

Mondal, who resigned on Thursday, will serve notice till close of business hours of March 31,2019, the bank said in a filing to the exchanges.

He had joined the bank in 2012.

The resignation comes at a time when the bank is seeing a transition into new leadership.

In the previous week, the bank announced that Ravneet Singh Gill, incumbent managing director of Deutsche Bank, will succeed Rana Kapoor and join the bank on or before March 1, 2019.

The Reserve Bank

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