Reported by: banking|Updated: January 21, 2020
Three public sector banks – Bank of Baroda, India and Canara Bank – have new heads. The government Sanjiv Chadha as the MD and CEO of Bank of Baroda, Lingam Venkat Prabhakar as MD and CEO of Canara Bank and Atanu Kumar Das MD and CEO of Bank of India. Chadha was the deputy managing director at State bank of India in charge of SBI Capital Markets. He will replace P.S. Jayakumar whose term had ended in October 2019. Prabhakar was the executive director of Punjab National Bank and he will take over from R.A. Sankara Narayanan who is retiring end-January. Das was executive director at Bank of India and he has been promoted to the post of MD & CEO in the same bank. The position has been lying vacant since July 2019. Bank of Baroda has already been merged with Dena Bank and Vijaya Bank and Canara Bank is in the process of merging Syndicate Bank. The government has also appointed Challa Sreenivasulu Setty as the managing director of the State Bank of India for a period of 3 years.