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 Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more
UPDATE: USAA Delivers $150 Million In Loans Within 48 Hours To Serve Members Impacted By Government Shutdown
FOR THE MOST UP-TO-DATE DATA ON USAA SHUTDOWN ACTIVITY, VISIT USAA STORIES: LINK Read more