The authorities on Saturday appointed Rajneesh Karnatak as managing director of Bank of India (BoI) whereas Debadatta Chand was appointed as head of Bank of Baroda (BoB).
The central authorities appointed Karnatak, Executive Director, Union Bank of India, as managing director and CEO of Bank of India for 3 years with impact from date of assumption of workplace, Department of Financial Services stated in a notification.
Karnatak replaces Atanu Kumar Das who accomplished his three-year time period in January this 12 months.
In a separate notification, DFS stated Chand, at present ED of BoB, has been appointed as managing director of the identical financial institution for a interval of three years.
However, Chand would assume cost on July 1 after incumbent Sanjiv Chadha superannuates on June 30.
The notifications for the 2 appointments got here after the approval of the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.
The Financial Services Institutions Bureau (FSIB), the headhunter for administrators of state-owned banks and monetary establishments, in January had chosen their names and beneficial it to DFS for searching for crucial approval.
