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New Delhi: Vandita Kaul has been appointed as Government Nominee Director on the Board of Bank of India (BOI). The Government has appointed her on the board of the Bank of India in place of Dakshita Das with immediate effect and until further orders. This information has been shared by the public sector lender in a regulatory filing to the stock exchange on Friday.
Kaul is an Indian Postal Service (IPoS) officer of the 1989-batch. She is currently working as Joint Secretary in the Department of Financial Services under the Ministry of Finance. She is looking after the matters of Debt Recovery Tribunal, General Administration, CERSAI, Central KYC Registry etc.
Bank of India (BOI) is an Indian government-owned bank under the ownership of the Ministry of Finance with headquarters in Bandra Kurla Complex, Mumbai. Founded in 1906, it has been government-owned since nationalisation in 1969. Bank of India has 5,316 branches as of March 31, 2019, including 56 offices outside India, which includes five subsidiaries, five representative offices, and one joint venture. BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services.
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