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 And U.S.VETS Expand Effort To Prevent Veteran Homelessness Before It Starts
New Financial Resiliency Program Combines Housing, Coaching and Financial Services to Help 50,000 Veterans Build Lasting... Read more
USAA Bank Launches New Rewards Credit Cards, Delivering Higher Value For Everyday Spending
New survey data shows consumers increasingly rely on rewards to offset everyday expenses, from groceries to gas Read more
USAA Names Mara Motherway Senior Vice President And Head Of Government Relations
Jul 09 2026 SAN ANTONIO — July 9, 2026 — USAA today announced the appointment of Mara Moth... Read more
USAA And Wounded Warrior Project Launch $5 Million Initiative To Help Veterans Build Financial Security During The Transition To Civilian Life
Warrior Secure Start is a purpose-built program that combines financial education, personalized coaching and empowerment... Read more
USAA To Honor Those Who Made 250 Years Of Freedom Possible
Through partnerships, events and community engagements, USAA will celebrate the service members whose sacrifices helped ... Read more
USAA Introduces Smoky: A K9 Ambassador Rooted In Military Heritage And Well-being
Company launches first-ever Chief Pawsitivity Officer and announces $60,000 grant to K9s For Warriors to support veteran... Read more