Thursday 23rd May 2024

Bank of India, Bank of Baroda and Allahabad Bank, headless

Oct 19th, 2019 7:14 pm | By | Category: SPECIAL NEWS COVERAGE

Indian banking industry has recently witnessed a grim financial situation even after RBI’s new measures to go long way in helping the restructuring of the domestic banking industry has yet not helped.

Similarly the smooth banking operations has been interrupted due to non-availability of
Regular head. Presently three government-owned major banks are functioning without their Managing Director and CEOs. This is at a time when most of them are grappling with bad loans. The case of Bank of India is an eye-opener which has yet no replacement of its MD and ECO since June 2019, After Dinabandhu Mohapatra retired as its MD & CEO. The Bank has been led by G. Padmanabhan, Non-executive Chairman of Bank of India, Neelam Damodharan, Atanu Kumar Das, Chintapalli Gayatri Chaitanya, the three Executive Directors.

In the same way Bank of Baroda, which is in the midst of merger with erstwhile Dena Bank and Vijaya Bank is too now running as headlines as it’s MD and CEO, P S Jayakumar
was not given any extension and got retired recently, now Bank of Baroda is being headed by Dr. Hasmukh Adhiaas non-executive Chairman, Murali Ramaswami, S. L. Jain, Vikramaditya Singh Khichi as Executive Directors,

Allahabad Bank is also headless as SS Mallikarjuna Rao has taken charge as the MD and CEO of PNB recently. and now K Ramachandran, P.R. Rajagopal are heading the bank as Executive Directors.

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