Bank of Baroda Bank of Baroda: Centre appoints Debadatta Chand as MD & CEO
New Delhi/IBNS: The Centre has appointed Debadatta Chand as the company's Managing Director (MD) and Chief Executive Officer (CEO), Bank of Baroda said on Saturday.
Chand, who is currently the Executive Director, has been appointed as MD & CEO of the bank for a tenure of three years from the date of assumption of office on or after 01.07.2023, or until further orders, whichever is earlier, Bank of Baroda said in a regulatory filing.
Chand replaces Sanjiv Chadha, whose tenure ended on January 19 but was extended by the government for about five months till June 30.
"Central Government has appointed Shri Debadatta Chand (DoB: 31.01.1971), Executive Director, Bank of Baroda as Managing Director and Chief Executive Officer, Bank of Baroda for a period of three years with effect from the date of assumption of office on or after 01.07.2023, or until further orders, whichever is earlier, vice Shri Sanjiv Chadha," said the bank's statement.
Bank of Baroda announced its business update for the fourth quarter of FY 2022-23 on April 10, revealing that its overall business crossed the significant Rs 21 trillion threshold in the March quarter of the current fiscal year.
The government-owned bank stated that its business rose by 16.8% to reach Rs 21,77,307 crore as of March 31, 2023, compared to Rs 18,64,059 crore during the same period in the previous year.
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