Wednesday, August 10, 2022

Debadatta Chand appointed as Executive Director in Bank of Baroda

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New Delhi: The Central government has appointed Debadatta Chand as Executive Director in Bank of Baroda. According to a notification from the Department of Financial Services, Chand has been appointed as Executive Director in Bank of Baroda (BoB) for a period of three years from the date of assumption of office, ie March 10, or until further orders, whichever is earlier. Prior to this assignment, Chand was serving as Chief General Manager in Punjab National Bank (PNB). 

Chand is 50 years old. He joined PNB in April 2015 as Deputy General Manager and rose to the current position. He has varied experience in different ranks and cadre of  banking and professional experience as an Investment Banker and Market Risk Manager.

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Bank of Baroda 

Bank of Baroda (BoB) is an Indian multinational, public sector banking and financial services company. It is the third-largest public sector bank in India, with 131 million customers and a global presence of 100 overseas offices. In September 2018, the government announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank to create the country's third-largest lender. The amalgamation is the first-ever three-way consolidation of banks in the country, with a combined business of Rs 14.82 trillion (short scale), making it the third-largest bank after the State Bank of India (SBI) and ICICI Bank.

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