The Union government on January 30 announced reshuffling of top executives at two state-run banks—Indian Overseas Bank (IoB) and Bank of Baroda (BoB).
According to a notification by the Appointments Committee of the Cabinet which Moneycontrol has reviewed, Sanjay Vinayak Mudaliar, who is currently an Executive Director (ED) at IOB, has been moved to BoB as ED for the remainder of his term, which ends on December 31, 2025.
Also, Joydeep Dutta Roy, who is currently ED at BoB, has been moved to IoB for the remainder of his term which is up to October 20, 2024, or until further orders, whichever is earlier, the Government said.
Roy used to oversee retail assets and retail liabilities, which include CASA, TD, Payroll A/Cs, corporate CASA relationships & branch cross-sell. He also oversees Chief Financial Officer and Chief Economist.
Mudaliar is a Post Graduate in Science and Technology and a Certified Project Management Practitioner, London (UK). He was holding the position of Chief Technology Officer of Bank's Global Operations spanning across 19 countries. He is a seasoned banker with career spanning over 30 years across industries and financial institutions. Of these, for last 25 years he has been associated with Bank of Baroda in various capacities across the country and in the United Kingdom.
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