Pralay Mondal quits Axis Bank; stock falls 11% in intra-day trade

The stock dipped 8 per cent to Rs 360, falling 11 per cent from its opening level of Rs 405 on the BSE on Tuesday.

Shares of Axis Bank has dipped 8 per cent to Rs 360 on the BSE in intra-day trade, falling 11 per cent from its opening level on Tuesday after the lender informed exchanges that its executive director Pralay Mondal has cited pursuing other career opportunities and tendered his resignation. Mondal joined Axis Bank in April 2019.

“This is to inform you that Shri Pralay Mondal, Executive Director (Retail Banking) of the Bank, has today informed the Bank that he would like to pursue other career opportunities and as such has resigned from the services of the Bank, with effect