Debdutt Chand appointed as the new Managing Director of Bank of Baroda

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Debdutt Chand was appointed as the Managing Director (MD) of Bank of Baroda (BoB) on 29 April.

An Overview of the News

• Chand is currently serving as the Executive Director of the bank.

• He will assume the position of MD for a period of three years with effect from July 1, 2023 or until further notice.

• 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.

About Debdutt Chand

• 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.

Bank of Baroda

Established- 20 July 1908, Vadodara

Founder- Sayajirao Gaekwad III

Headquarters- Alkapuri, Vadodara