Three large PSU banks get new heads
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The government has appointed new managing director (MD) and chief executive officers (CEO) at three large public sector banks—Bank of Baroda, Bank of India, and Canara Bank—for a period of three years.
The Appointments Committee of the Cabinet has named Sanjiv Chadha as successor to P.S Jayakumar who retired from Bank of Baroda as MD and CEO in October last year. Chadha is currently the MD and CEO at SBI Capital Markets.
Bank of India executive director Atanu Kumar Das has been elevated to the position of MD and CEO after Dinabandhu Mohapatra demitted office in June last year. The post has been vacant since.
Punjab National Bank executive director Lingam Venkat Prabhakar will replace RA Sankara Narayanan, after he retires this month as MD and CEO at the bank.
October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.
The government had announced the merger of Canara Bank and Syndicate Bank after the ambitious merger of Bank of Baroda with Dena Bank and Vijaya Bank in April last year.
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