Bank of India has appointed MR Kumar as the Non-Executive Chairman. He will be responsible for overseeing the overall growth trajectory of the public sector lender.
Kumar also serves on the board of directors of Ambuja Cements. Besides, he was the Chairman of LIC India from 2019 to March 2023, according to the statement.
Further, the statement mentioned that the bank has named Rajiv Mishra as Executive Director, who will handle stressed-asset resolution and recovery, including policy matters.
“These strategic appointments underscore the bank’s commitment to strengthen its leadership framework, ensuring a robust strategy for growth and innovation in the banking sector,” the statement said.
