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BOB executive directors to handle functions of MD, CEO

BOB executive directors to handle functions of MD, CEO
Image Credit: Twitter (@bankofbaroda)

Bank of Baroda on Wednesday said financial, administrative and other functions of its MD & CEO is to be looked after by respective executive directors till the appointment of the new head. P S Jayakumar ceased to be the bank's MD & CEO with effect from October 12, 2019, upon expiry of his term.

The bank's board of directors and the management committee, as the case may be, may entrust to look after financial and administrative powers and functions of the MD & CEO to respective executive directors till such time appointment to the post of the bank's MD & CEO is made by the government, it said in a regulatory filing. "Accordingly, the board through circulation on October 16, 2019, approved that the financial and administrative powers and functions of the MD & CEO shall be exercised by the respective Executive Directors pertaining to the verticals in which they are in-charge," it said.

The government has already invited application through the Banks Board Bureau (BBB) to fill the vacancy. Also, the top posts are vacant at Punjab National Bank, Canara Bank and Bank of India, for which BBB has already invited applications.

Bank of Baroda has currently three executive directors -- Murali Ramaswami, S L Jain, and Vikramaditya Singh Khichi.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



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