Bank Of Baroda Stares At Vacant Leadership As PS Jayakumars MD/CEO Term Comes To An End
Money & Banking
The one-year extended tenure of PS Jayakumar as Managing Director and Chief Executive Officer (MD & CEO) of Bank of Baroda (BoB) ended on Saturday, with the government not giving any clarity on either giving him extension or finding a replacement.
BoB is the second largest public sector bank (PSB) which is headless. Bank of India (BoI) has been without an MD/CEO after Dinabandhu Mohapatra demitted office on June 30.
Jayakumar was initially appointed by the government as BoB chief on August 14, 2015 for a three-year tenure. In view of the key role he played in the amalgamation of Dena Bank and Vijaya Bank with BoB, which became effective from April 1, 2018, the government granted him a year’s extension.
With the government moving Ch SS Mallikarjuna Rao, MD & CEO of Allahabad Bank, to head Punjab National Bank, it now needs to appoint chiefs at BoB and BoI.
The government has kept the top position at Allahabad Bank vacant as it is set to be amalgamated with Indian Bank.
Canara Bank MD & CEO RA Sankara Narayanan’s tenure ends on January 31, 2020. He took charge on April 15, 2019. Prior to this, he was MD & CEO of Vijaya Bank from September 1, 2017.
The government could consider giving Sankara Narayanan an extension, given that Canara Bank and Syndicate Bank are in the midst of an amalgamation.
Published on
October 13, 2019
The one-year extended tenure of PS Jayakumar as Managing Director and Chief Executive Officer (MD & CEO) of Bank of Baroda (BoB) ended on Saturday, with the government not giving any clarity on either giving him extension or finding a replacement.
BoB is the second largest public sector bank (PSB) which is headless. Bank of India (BoI) has been without an MD/CEO after Dinabandhu Mohapatra demitted office on June 30.
Jayakumar was initially appointed by the government as BoB chief on August 14, 2015 for a three-year tenure. In view of the key role he played in the amalgamation of Dena Bank and Vijaya Bank with BoB, which became effective from April 1, 2018, the government granted him a year’s extension.
With the government moving Ch SS Mallikarjuna Rao, MD & CEO of Allahabad Bank, to head Punjab National Bank, it now needs to appoint chiefs at BoB and BoI.
The government has kept the top position at Allahabad Bank vacant as it is set to be amalgamated with Indian Bank.
Canara Bank MD & CEO RA Sankara Narayanan’s tenure ends on January 31, 2020. He took charge on April 15, 2019. Prior to this, he was MD & CEO of Vijaya Bank from September 1, 2017.
The government could consider giving Sankara Narayanan an extension, given that Canara Bank and Syndicate Bank are in the midst of an amalgamation.
Published on
USAA To Expand Workforce In Chesapeake To Support Growing Membership
Company adding more than 500 employees in the area over the next two years Read more
USAA Advocates For Safe Driving Habits During 100 Deadliest Days Of Summer For Teens
New Safe Driving Simulator virtual experience helps drivers identify bad habits ahead of summer travels Read more
USAAs Poppy Wall Of Honor® Returns To National Mall For Sixth Year To Honor And Remember Fallen Service Members
Enhanced experience provides immersive storytelling to illustrate all that was given in service to our country Read more
USAA Appoints Brian Goldman As Chief Risk Officer
USAA announced today the appointment of Brian Goldman as its new Chief Risk Officer, effective May 27. Read more
Strong Financial Performance Reflects USAAs Unwavering Commitment To Members And The Military Community
Association added 1 million new members and continued to serve the military community and their families through enhance... Read more
USAA And The Valero Texas Open Join Forces To Honor Military Heroes
Service Members and Veterans to Receive Exclusive Benefits and Complimentary Access Read more