Govt Appoints Debadatta Chand As MD Of Bank Of Baroda

The Union government on 29 April announced the appointment of Debadatta Chand as the Managing Director of Bank of Baroda (BOB). Currently, Debadatta Chand is serving as the bank’s Executive Director.

Bank stated in a regulatory filing that his appointment to the top post is for a period of three years with effect from the date of assumption of office on or after 1 July, 2023, or until further orders, whichever is earlier.

Chand succeeds Sanjiv Chadha, whose term was recently extended for five months till 30 June by the government. The original term of Chadha ended on 19 January of this year.

As per the bank's statement, "Central Government has appointed Shri Debadatta Chand (DoB: 31.01.1971), Executive Director, Bank of Baroda, as Managing Director and Chief Executive Officer, Bank of Baroda for a period of three years with effect from the date of assumption of office on or after 01.07.2023, or until further orders, whichever is earlier, vice Shri Sanjiv Chadha."

The notifications for the appointment came after the approval of the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi.