BANKING AFFAIRS

Detailed explanation-1: -The Centre has extended the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about five months till 30 June, 2023.

Detailed explanation-2: -Press Trust of India The government has extended the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about five months till June 30. The order dated January 14, 2023 comes ahead of his three-year tenure that ends on January 19.

Detailed explanation-3: -Bank of Baroda will extend loans to the conglomerate if it meets the lender’s underwriting standards, said Sanjiv Chadha, chief executive officer and managing director, adding that he’s not concerned about the market volatility around Adani stocks.

Detailed explanation-4: -Share. CASHe, an Indian AI-driven financial wellness platform, announced the appointment of Mr. P.S Jayakumar, the former Managing Director and Chief Executive Officer of Bank of Baroda, as a non-executive director with effect from July 5, 2022.