The Business Bytes
TBB BUREAU
NEW DELHI, APR 29, 2023
The government on Saturday appointed Rajneesh Karnatak as the Managing Director of Bank of India (BoI) and Debadatta Chand as the head of Bank of Baroda (BoB).
Karnatak, presently working as the Executive Director of Union Bank of India, has been appointed as the Managing Director & CEO of Bank of India for three years with effect from the date of assumption of office, Department of Financial Services (DFS) said in a notification.
In a separate notification, DFS said that Chand, currently ED of BoB, has been appointed as Managing Director of the same bank for a period of three years, starting from July 1, 2023.
The notifications for the two appointments came after the approval of the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.
