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Fairfax not to cut CSB Bank stake in five years: MD & CEO Pralay Mondal

Pralay Mondal discusses the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale

Pralay Mondal, managing director and chief executive officer of CSB Bank
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Pralay Mondal, managing director and chief executive officer of CSB Bank

Shine Jacob Chennai

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Private sector lender CSB Bank plans to become a mid-sized new age bank by 2030, its managing director and chief executive officer Pralay Mondal said. In a telephonic interview with Shine Jacob he discussed the bank's roadmap, reducing the share of gold loans, and the recent Fairfax stake sale. Edited excerpts:     The Reserve Bank of India (RBI) came out with a notification flagging irregular practices in gold loans and asked lenders to take remedial measures in a time-bound manner. What will be the impact of this on your loan growth in this segment?    Almost 45-50 per cent of our portfolio has been in

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