The Union government has recently made changes in the leadership of two state-run banks, Indian Overseas Bank (IoB) and Bank of Baroda (BoB). The reshuffling involves key executives who will be taking on new roles in these banks.
Changes in Executive Positions
- Sanjay Vinayak Mudaliar’s Move to Bank of Baroda (BoB)
- Sanjay Vinayak Mudaliar, currently serving as an Executive Director (ED) at IoB, is being transferred to BoB. He will continue to serve as the Executive Director until his term ends on December 31, 2025.
- Joydeep Dutta Roy’s Transition to Indian Overseas Bank (IoB)
- Joydeep Dutta Roy, the existing Executive Director at BoB, will now move to IoB. He will serve in this capacity until October 20, 2024, or until further orders are issued, whichever comes earlier.
Duties and Responsibilities of Joydeep Dutta Roy
Joydeep Dutta Roy, in his role at BoB, used to oversee various aspects, including:
- Retail assets and liabilities
- CASA (Current Account and Savings Account)
- TD (Term Deposits)
- Payroll A/Cs
- Corporate CASA relationships
- Branch cross-sell
- Supervision of Chief Financial Officer and Chief Economist
Professional Background of Sanjay Vinayak Mudaliar
Sanjay Vinayak Mudaliar is a highly qualified individual with a background in Science and Technology. He is also a Certified Project Management Practitioner from London (UK). His notable career highlights include:
- Chief Technology Officer of Bank’s Global Operations covering 19 countries
- Over 30 years of experience in the banking sector
- Extensive association with Bank of Baroda for the past 25 years in various roles across India and the United Kingdom.
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