CSB Bank Limited announced that, based on the recommendation of the Nomination & Remuneration Committee the Board of Directors of the Bank, through resolution passed by circulation on January 15, 2023, have approved the appointment of Mr. Manish Modi as `Head - Wholesale Banking' with effect from January 18, 2024. Mr. Manish Modi will form part of the Senior Management of the Bank as per Regulation 16(1)(d) of the SEBI Listing Regulations, with effect from the date of appointment. Ms. Runa Das, who currently holds the position of 'Head--Wholesale Banking', will cease to be 'Head--Wholesale Banking' with effect from January 18, 2024.

Accordingly, Ms. Runa Das will also cease to be part of senior management due to the change in her designation, and will report to Mr. Manish Modi as per the change in the reporting structure with effect from the said date. Mr. Manish Modi holds bachelor's degree in Mechanical Engineering from REC, Bhopal, and Post Graduate Diploma in Management (PGDM) from IIM, Lucknow. Mr. Manish Modi is an accomplished corporate banking professional with more than 28 years of experience spread across large corporate & mid-market business, SME business, syndication business, project finance business and MNC services, financial services and Treasury business.

Prior to joining CSB Bank, Mr. Manish Modi was the Head - Corporate Banking at IndusInd Bank Limited, responsible for overall strategy of large and mid-corporates vertical with the right balance of growth, profitability, and portfolio quality. Prior to that, he had a successful stint at ABN Amro Bank and ICICI Bank . He was earlier associated with Engineers India Limited as a design engineer.