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Govt extends tenure of Bank of Baroda MD Sanjiv Chadha

The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19.

January 15, 2023 / 16:41 IST
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The government has extended the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about five months till June 30.

The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19.

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The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for extending the term of Chadha till June 30, 2023, when he attains 60 years, the retirement age, sources said.

Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended elevation of Executive Director (ED) Debadatta Chand as managing director of Bank of Baroda.