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
Punjab National Bank, India's fourth-biggest state-run lender by assets, reported on Tuesday its fiscal third-quarter profit fell 93 percent as provisions for bad loans jumped. Its shares fell more than 6 percent after the results. Full Article