Bank of Baroda said executive directors of the bank would look after the financial, administrative and other functions of its MD & CEO, who has retired on 12 October. The EDs will look after this work until the appointment of a new MD and CEO happens. P.S .Jayakumar, who was the MD and CEO, demitted office after his extended term has ended and the government has not identified a replacement. The bank said in a regulateory filing its board of directors and the management committee, as the case may be, may entrust to look after financial and administrative powers and functions of the MD & CEO to respective executive directors till such time appointment to the post of the bank’s MD & CEO is made by the government. The government has already invited application through the Banks Board Bureau (BBB) to fill the vacancy.
