Rajneesh Karnatak appointed MD & CEO of Bank of India

Rajneesh Karnatak appointed MD & CEO of Bank of India

Daily Current Affairs   /   Rajneesh Karnatak appointed MD & CEO of Bank of India

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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).
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