Bank of Baroda: Centre appoints Debadatta Chand as MD & CEO
New Delhi/IBNS: The Centre has appointed Debadatta Chand as the company's Managing Director (MD) and Chief Executive Officer (CEO), Bank of Baroda said on Saturday.
Chand, who is currently the Executive Director, has been appointed as MD & CEO of the bank for a tenure of three years from the date of assumption of office on or after 01.07.2023, or until further orders, whichever is earlier, Bank of Baroda said in a regulatory filing.
Chand replaces Sanjiv Chadha, whose tenure ended on January 19 but was extended by the government for about five months till June 30.
"Central Government has appointed Shri Debadatta Chand (DoB: 31.01.1971), Executive Director, Bank of Baroda as Managing Director and Chief Executive Officer, Bank of Baroda for a period of three years with effect from the date of assumption of office on or after 01.07.2023, or until further orders, whichever is earlier, vice Shri Sanjiv Chadha," said the bank's statement.
Bank of Baroda announced its business update for the fourth quarter of FY 2022-23 on April 10, revealing that its overall business crossed the significant Rs 21 trillion threshold in the March quarter of the current fiscal year.
The government-owned bank stated that its business rose by 16.8% to reach Rs 21,77,307 crore as of March 31, 2023, compared to Rs 18,64,059 crore during the same period in the previous year.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Rishab Shetty's Kantara Chapter 1 roars in box office on opening day
Five Pakistan fighter jets were shot down during Operation Sindoor, claims IAF chief
Ex-Pakistan captain Sana Mir says her controversial 'Azad Kashmir' remark was 'blown out of proportion'
KL Rahul slams century, India take comfortable lead over West Indies
