[ad_1]

Debadatta Chand has been appointed Managing Director and Chief Executive Officer of Bank of Baroda (Bank). He succeeds Sanjiv Chadha, whose term ends on June 30, 2023.

Chand has been the Executive Director of the Bank of Baroda since March 2021, before his appointment as MD and CEO. He was in charge of corporate and institutional credit, corporate and institutional banking, treasury and global markets, mid-corporate business, and trade and foreign currency as Executive Director. Furthermore, he had successfully managed the bank’s international banking business, domestic subsidiaries/joint ventures, wealth management, capital markets, NRI business, and key platform functions such as HRM, finance and planning, risk management, audit and inspection, credit monitoring, collections, legal, compliance, learning and development, disciplinary proceedings, information security, and estate management and security.

Chand has over 29 years of experience in commercial banking and developmental financial institutions, giving him a solid foundation in the banking industry. He started his career as an officer at Allahabad Bank in 1994 and afterward worked as a Manager at the Small Industries Development Bank of India (SIDBI) from 1998 to 2005. He joined Punjab National Bank (PNB) in 2005 as Chief Manager and quickly rose to the post of Chief General Manager. He held a variety of positions at PNB, including Head of the Zonal Audit Office in Patna, Circle Head of the Bareilly Region, Head of Integrated Treasury Operations, and Head of the Mumbai Zone.

BOB Capital Markets, India Infradebt, Baroda Financial Solutions, Bank of Baroda (Tanzania), Bank of Baroda (Uganda), and Bank of Baroda (Kenya) are also on Chand’s board of directors. As a nominee director of Punjab National Bank, he formerly sat on the boards of PNB Principal Mutual Fund and SWIFT India.

He has a B. Tech., an MBA, and a CAIIB certification. Chand also holds a Postgraduate Diploma in Equity Research and is a Certified Portfolio Manager.

Bank of Baroda, founded on July 20, 1908, by Maharaja Sayajirao Gaekwad III, is one of India’s premier commercial banks. The Government of India controls 63.97% of the company. The bank services its 150 million global customers through over 70,000 touchpoints located throughout 17 countries and five continents. It offers all banking products and services in a fluid and hassle-free manner through its cutting-edge digital banking platforms. The Bob World mobile app from the Bank offers clients the ability to save, invest, borrow, and shop all in one app. The software also assists non-customers by allowing account opening via video KYC. The vision of the bank corresponds to its varied clientele base and instills trust and security.

[ad_2]

Source link