Bank of Baroda awaits their
new CEO Mr. P.S. Jayakumar. Bank
of Baroda is a public sector bank which is based in Mumbai and provides a variety of financial products and services to its customers. Some of them include deposits, loans, debit and credit cards and
fund transfers using IFSC codes. Currently,
B.B. Joshi is the only executive director on board full time.
Mr. PS
Jayakumar is a former Citibank executive and was chosen in August to be the
managing director and CEO of Bank of Baroda. He was previously the CEO and
managing director of VBHC Value Homes, a private sector firm. Coming onboard
with Bank of Baroda, he may face challenges he moves from the private sector to
the public. Dealing with the Government system is a whole new game but he is
fortunate to enter the public sector as the Central Government is giving more
autonomy and working at arm’s length. Also his acceptability inside the bank
will be pivotal, but taking into consideration the professionalism in Bank of
Baroda, he is unlikely to be subject to any resistance.
Bank of Baroda
hasn’t had a full time CEO since July end. S.S. Mundra, CMD, had shifted his
position to deputy governor at RBI. Mr. Ranjan Dhawan who was managing director
and CEO-in charge retired at the end of September.
Bank of Baroda awaits their new CEO Mr. P.S. Jayakumar. Bank
of Baroda is a public sector bank which is based in Mumbai and provides a variety of financial products and services to its customers. Some of them include deposits, loans, debit and credit cards and fund transfers using IFSC codes. Currently, B.B. Joshi is the only executive director on board full time.