MUMBAI May 8 State-run Bank of Baroda (BOB.BO) said on Thursday the federal government has appointed M.D. Mallya as the chairman and managing director of the bank.
Mallya, who was earlier the chairman and managing director of state-run Bank of Maharashtra (BMBK.BO), took over his new assignment from Wednesday and would continue until November 30, 2012 or until further orders, the bank said in a statement.
(Reporting by Kaustav Roy; Editing by Prem Udayabhanu)
Trending On Reuters
General Motors is re-evaluating its planned $1 billion investment in India and has put on hold moves to bring a new car platform to India as it re-assesses its strategy in the country, according to company officials. Full Article