Debadatta Chand takes charge as MD and CEO of Bank of Baroda
Chand served as the Executive Director at Bank of Baroda since March 2021 and takes over from Sanjiv Chadha, whose tenure ended on June 30, 2023
image for illustrative purpose
Hyderabad: Debadatta Chand has assumed charge as the Managing Director and Chief Executive Officer of Bank of Baroda (Bank). He takes over from Sanjiv Chadha, whose tenure ended on June 30, 2023.
Prior to his appointment as MD and CEO, Chand served as the Executive Director at Bank of Baroda since March 2021. In his role as Executive Director, he was overseeing corporate and institutional credit, corporate and institutional banking, treasury and global markets, mid-corporate business, and trade and foreign exchange. In addition, he had also successfully overseen the international banking business, domestic subsidiaries/joint ventures, wealth management, capital markets, NRI business as well as key platform functions such as HRM, finance and planning, risk management, audit and inspection, credit monitoring, collections, legal, compliance, learning and development, disciplinary proceedings, information security and estate management and security at the bank.
With over 29 years of experience in commercial banking and developmental financial institutions, Chand has built a strong foundation in the banking sector. He began his career in 1994 as an officer at Allahabad Bank and later worked as a Manager at the Small Industries Development Bank of India (SIDBI) from 1998 to 2005. In 2005, he joined Punjab National Bank (PNB) as Chief Manager and steadily progressed to the position of Chief General Manager. During his over 15-year tenure at PNB, he held various roles, including Head of the Zonal Audit Office in Patna, Circle Head of the Bareilly Region, Head of Integrated Treasury Operations, and Head of the Mumbai Zone.
Chand also currently serves on the Boards of BOB Capital Markets, India Infradebt, Baroda Financial Solutions, Bank of Baroda (Tanzania), Bank of Baroda (Uganda), and Bank of Baroda (Kenya). Previously, he served on the Boards of PNB Principal Mutual Fund and SWIFT India as nominee director of Punjab National Bank.
He holds a B. Tech. degree, an MBA, and CAIIB qualification. Additionally, Chand has a PG Diploma in Equity Research and is a Certified Portfolio Manager.
Founded on 20th July, 1908 by Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of over 150 million through over 70,000 touch points spread across 17 countries in five continents. Through Its state-of-the-art digital banking platforms, it provides all banking products and services in a seamless and hassle-free manner. The Bank’s bob World mobile app provides customers with a saving, investing, borrowing, and shopping experience, all under one single app. The app also serves non-customers by enabling account opening through video KYC. The Bank’s vision matches its diverse clientele base and instills a sense of trust and security. It is moving well in that direction and bob World is a testimony of its roadmap towards Digital Transformation.
