Mumbai, Sep 1 (PTI) State-run Indian Bank on Wednesday said Shanti Lal Jain has assumed charge as its Managing Director and Chief Executive Officer (CEO).

Jain has been appointed as the MD & CEO for a period of three years, according to a government notification.

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Prior to this, he served as Executive Director of Bank of Baroda since September 2018, a bank release said.

Jain started his career in banking by joining erstwhile Allahabad Bank in 1993 in middle management cadre.

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The bank in a separate regulatory filing said that Padmaja Chunduru, Managing Director & CEO of the bank demitted office on August 31, 2021 on superannuation.

"Accordingly, Padmaja Chunduru has ceased to be the MD&CEO of the bank with effect from September 1, 2021," it said.

On Tuesday, Indian Bank in a filing to exchanges said the government has extended tenure of its Executive Director V V Shenoy till March 31, 2022.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)