New MD & CEOs for SBI, BoB, Bank of India and Canara Bank

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The Indian government has announced the appointments of new Managing Director and Chief Executive Officers (MD & CEO) for 4 Public Sector Banks namely Canara Bank, Bank of Baroda, Bank of India and State Bank of India (SBI).

State Bank of India (SBI) : Challa Sreenivasulu Setty has been appointed as the new Managing Director of State Bank of India (SBI) for a period of 3 years, which is extendable for another two years. He is currently working as the Deputy Managing Director of the bank.

Canara Bank : L V Prabhakar has been appointed as the new MD & CEO of Canara Bank which is going to be amalgamated with Syndicate Bank. He will be the bank's MD & CEO with effect from 1st February 2020 to 31st December 2022. He is going to replace R A Sankar Narayan. He is currently working as the executive director of Punjab National Bank (PNB).

Bank of Baroda (BoB) : Sanjiv Chadha has been appointed as the new MD & CEO of Bank of Baroda for a 3 year term. He is going to replace P S Jayakumar, who left the office in October 2019. He is currently working as the MD & CEO of SBI Capital Markets.

Bank of India (BoI) : Atanu Kumar Das (AK Das) who is currently working as the Executive Director of Bank of India (BoI) has been elevated to the post of MD & CEO. He will head the bank for three years from date of assuming office. He is going to replace Dinabandhu Mohapatra who demitted office in June 2019.

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