Axis Bank Ltd. appointed Rajiv Anand head of corporate banking and is said to have hired Pralay Mondal from Yes Bank Ltd., The Economic Times reported Jan. 7.

Mondal is said to have resigned from Yes Bank, where he has been head of commercial business banking and rural banking, but it is not clear whether the resignation has been accepted by Yes Bank, according to a source close to the development.

Anand was previously Axis Bank's executive director for retail banking.