- The government on April 29 announced the appointment of Debadatta Chand as Bank of Baroda’s (BOB) Managing Director (MD), said BOB. Currently, Debadatta Chand is serving as the bank’s Executive Director.
- Bank stated in a regulatory filing that his appointment to the top post is for a period of three years with effect from the date of assumption of office on or after July 1, 2023, or until further orders, whichever is earlier.
- The appointment comes after the tenure extension of the previous MD, Sanjiv Chadha, which ended on January 19, 2021, was extended by the government for an additional five months till June 30, 2021.
- The Financial Services Institutions Bureau (FSIB) recommended the name of Debdutt Chand for the post of Managing Director and CEO in Bank of Baroda.
Debdutt Chand:-
- Debdutt Chand started his career in 1994 as an officer in Allahabad Bank.
- He worked as a manager in Small Industries Development Bank of India [SIDBI] from 1998 to 2005.
- He joined Punjab National Bank (PNB) in 2005 as Chief Manager and eventually rose to the rank of Chief General Manager.
- Prior to his role as Executive Director in Bank of Baroda, Chand served as the CGM of Mumbai Region in PNB.
