Govt appoints Debadatta Chand as Managing Director of Bank of Baroda

Govt appoints Debadatta Chand as Managing Director of Bank of Baroda

Daily Current Affairs / Govt appoints Debadatta Chand as Managing Director of Bank of Baroda

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Category : Appointment/Resignation Published on: May 02 2023

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A 52-year-old banker from Odisha has been appointed as the new Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda (BoB).
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Debadatta Chand as the MD and CEO of Bank of Baroda (BoB).
His appointment 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.
Sanjiv Chadha, the incumbent MD and CEO of BoB, is set to retire on June 30, 2023.
He was appointed as Executive Director of Bank of Baroda and assumed charge on March 10, 2021.
He started his career in Allahabad Bank as Officer in 1994 and subsequently worked as Manager in Small Industries Development Bank of India [SIDBI] from 1998 to 2005.

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