Rajneesh Karnatak appointed MD & CEO of Bank of India

Category : Appointment/Resignation Published on: May 02 2023

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Rajneesh Karnatak has been chosen by the country's government as the managing director (MD) of the Bank of India (BOI).
He would serve as MD & CEO of Bank of India for a term of three years beginning on the day of assumption of office or until further instructions.
Karnatak is the Union Bank of India's Executive Director at present.
Atanu Kumar Das, whose three-year term ended in January of this year, is replaced by Karnatak.
Karnatak brings over 29 years of post-qualification experience, having previously served as the Executive Director at Union Bank of India. He holds a post-graduate degree in Commerce (M.Com) and is a Certified Associate from the Indian Institute of Bankers (CAIIB).
Karnatak had earlier served as Non-Executive Chairman of UBI Services Ltd., on behalf of Union Bank of India and as non-independent non-executive director on the Board of UBI (UK) Limited.
He served as Nominee Director on behalf of Punjab National Bank on the Board of PNB Housing Finance Ltd. and India SME Asset Reconstruction Company Limited.
He also served as Board Trustee on IAMCL (IIFCL Asset Management Co).