Rajneesh Karnatak will continue as Managing Director and CEO of Bank of India for a period of three years beyond August 28, 2026, or until further orders, whichever is earlier.
Similarly, Debadatta Chand has been granted a three-year extension as Managing Director and CEO of Bank of Baroda beyond June 30, 2026, or until further orders.
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In a related move, the ACC has also approved the extension of Ashutosh Choudhury as Executive Director at Indian Bank for a period of three years beyond May 2, 2026, or until further orders.
The approvals were cleared following proposals from the Department of Financial Services under the Ministry of Finance.
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