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India names new CEOs for 3 state-run banks

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India names new CEOs for 3 state-run banks

India's government appointed new CEOs for state-run banks Bank of Baroda, Bank of India and Canara Bank, Mint reported Jan. 20.

The Appointments Committee of the Cabinet appointed Sanjiv Chadha CEO and managing director of Bank of Baroda. Lingam Venkat Prabhakar was appointed CEO and managing director of Canara Bank, while Atanu Kumar Das was appointed to the same role at Bank of India, the outlet reported. Chadha was previously deputy managing director at State Bank of India. He will replace P.S. Jayakumar in the new role at Bank of Baroda.

At Canara Bank, Prabhakar is replacing R.A. Sankara Narayan, who is retiring at the end of January. Prabhakar was executive director of Punjab National Bank. Das was an executive director at Bank of India. He will assume the CEO role at the bank, a post that has been vacant since July 2019.