Ashwani Kumar has taken over as Chairman and Managing Director (CMD) of Dena Bank from January 1 for five years.
Kumar has replaced Nupur Mitra.
A veteran banker, Kumar has been with the sector for over 31 years, and has worked with Allahabad Bank and Corporation Bank.
Before joining Dena Bank, Kumar was the Executive Director (ED) at Corporation Bank since December 2010.
Before his elevation to the post of ED, he was working as Field General Manager, New Delhi looking after business development of the bank’s eight zones in the North.
Kumar has a Post Graduate Masters Degree in Chemistry, is a Certified Associate of Indian Institute of Bankers and joined Allahabad Bank in 1981 as probationary officer at Lucknow. He has exposure both in rural development and treasury operations, having worked as Lead District Manager and also as Head of Treasury (Integrated Treasury) at Allahabad Bank in Mumbai.
Before joining the bank, he had a short stint as Executive Trainee in Steel Authority of India (SAIL).
Having worked as Forex Dealer for around five years, Kumar started the bullion desk in the year 1998 at Allahabad Bank’s International Branch, New Delhi. He has also worked in the Head Office for around five years holding important assignments of Executive Assistant to CMD, Head of Planning & Development, Marketing, Retail Credit, Publicity, ALM, Treasury Operations and International Business, AML department and so on.