Debadatta Chand has officially taken charge as the Managing Director and Chief Executive Officer (MD & CEO) of Bank of Baroda (BoB) today, succeeding Sanjiv Chadha, whose tenure concluded on June 30, 2023. Chand, who previously served as the executive director at BoB since March 2021, brings a wealth of experience and expertise to his new role.
During his tenure as the executive director, Chand held responsibilities across various departments, including corporate and institutional credit, corporate and institutional banking, treasury and global markets, mid-corporate business, and trade and foreign exchange. Additionally, he successfully oversaw international banking business, domestic subsidiaries and joint ventures, wealth management, capital markets, NRI business, and key platform functions such as HRM, finance and planning, risk management, audit and inspection, credit monitoring, collections, legal affairs, compliance, learning and development, disciplinary proceedings, information security, and estate management and security.
With an extensive background in commercial banking and developmental financial institutions spanning over 29 years, Chand brings a robust foundation to his leadership role. His career commenced in 1994 as an officer at Allahabad Bank, after which he served as a manager at the Small Industries Development Bank of India (SIDBI) from 1998 to 2005. Subsequently, Chand joined Punjab National Bank (PNB) in 2005 as a chief manager and steadily progressed through the ranks to become the chief general manager.
During his tenure at PNB, which spanned over 15 years, Chand held several key positions, including heading the zonal audit office in Patna, serving as the circle head of the Bareilly region, overseeing integrated treasury operations, and managing the Mumbai zone.
Chand’s appointment as the MD & CEO of Bank of Baroda signifies the institution’s confidence in his leadership abilities and vast experience in the banking sector. His diverse portfolio of roles and responsibilities demonstrates his capability to manage and drive various aspects of banking operations effectively.
Bank of Baroda, one of India’s leading public sector banks, is poised to benefit from Chand’s expertise as it continues to navigate the dynamic financial landscape. His strategic vision and insights will be instrumental in driving the bank’s growth, enhancing customer experience, and ensuring its continued success.
As Chand assumes the role of MD & CEO, he will be entrusted with leading Bank of Baroda’s strategic initiatives, forging strong relationships with stakeholders, and steering the bank towards achieving its goals. His extensive experience across different facets of banking, coupled with his leadership acumen, will be instrumental in driving the bank’s continued growth and consolidating its position as a trusted financial institution.
In conclusion, Debadatta Chand’s assumption of the position of Managing Director and Chief Executive Officer of Bank of Baroda marks an important transition for the bank. With his vast experience in commercial banking and developmental financial institutions, Chand is well-equipped to lead Bank of Baroda into a new phase of growth and success. The institution’s stakeholders can look forward to his strategic vision and leadership as he guides the bank in achieving its objectives and meeting the evolving needs of its customers in the dynamic financial landscape.
