DENA CEO MOVES TO IOB
Vijaya Bank’s chief is new MD & CEO of Canara Bank
TIMES NEWS NETWORK
Mumbai:16.04.2019
R A Sankara Narayanan has been appointed MD & CEO of Canara Bank until January 2020, following a government notification issued on Monday.
In a notice to the stock exchanges, Canara Bank said that Narayanan took charge on the same day. He was earlier the chairman of Bengaluru-based Vijaya Bank, which merged with Bank of Baroda with effect from April 1.
He was to take charge earlier. However, following the announcement of the election dates, the government had to obtain clarifications before announcing the appointment.
Meanwhile, Karnam Sekar, former MD and CEO of Dena Bank, will take over as MD and CEO of Indian Overseas Bank (IOB) from July 1 until June next year. Sekar will function as officer on special duty and whole-time director with IOB till the end of June this year.
During Narayanan’s tenure as MD of Vijaya Bank, the public sector lender was one of two banks to have consistently reported a net profit. He is a postgraduate in public administration with an MBA in finance. He began his career with Bank of India as a direct recruit officer in 1983 and rose up the ranks and served in overseas assignments in Tokyo and Singapore.
Vijaya Bank’s chief is new MD & CEO of Canara Bank
TIMES NEWS NETWORK
Mumbai:16.04.2019
R A Sankara Narayanan has been appointed MD & CEO of Canara Bank until January 2020, following a government notification issued on Monday.
In a notice to the stock exchanges, Canara Bank said that Narayanan took charge on the same day. He was earlier the chairman of Bengaluru-based Vijaya Bank, which merged with Bank of Baroda with effect from April 1.
He was to take charge earlier. However, following the announcement of the election dates, the government had to obtain clarifications before announcing the appointment.
Meanwhile, Karnam Sekar, former MD and CEO of Dena Bank, will take over as MD and CEO of Indian Overseas Bank (IOB) from July 1 until June next year. Sekar will function as officer on special duty and whole-time director with IOB till the end of June this year.
During Narayanan’s tenure as MD of Vijaya Bank, the public sector lender was one of two banks to have consistently reported a net profit. He is a postgraduate in public administration with an MBA in finance. He began his career with Bank of India as a direct recruit officer in 1983 and rose up the ranks and served in overseas assignments in Tokyo and Singapore.
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