British bank announces its Indian-origin CEO's exit, keeps him in bigger role after backlash

British online bank Monzo decided to concede to shareholders' demands after it received backlash for announcing its Indian-origin CEO TS Anil's exit, FT reported. Monzo made the surprise exit announcement of Anil, who has led Monzo for six years, in October. Monzo now plans to keep Anil on with a broader remit than the advisory role the company initially planned.