Jai Kumar Garg has been appointed as the MD and CEO of the Corporation Bank. Garg takes over the charge of the bank, succeeding S R Bansal, who superannuated from services as CMD. Prior the role, Garg was serving in UCO Bank as executive director. A chartered accountant, Garg is also a member of Indian Institute of Banking and Finance. He started career at Corporation Bank itself and has served at branches including industrial finance branches at Mumbai, New Delhi and Pune. He also worked at various zonal offices in Ahmedabad, New Delhi, Pune and Kolkata and headed Kolkata and Delhi circles of the bank. Garg has experience in credit management, recovery, forex operations, retail banking and administration.