The Banks Board Bureau (BBB) has recommended the name of Sanjiv Chadha for the post of Bank of Baroda Managing Director and Chief Executive (MD & CEO). At present, Chadha is the MD & CEO of SBI Capital Markets Ltd, the merchant and investment banking arm of State Bank of India.
The name of L V Prabhakar, the executive director at Punjab National Bank since March 1, 2018, has been recommended for the post of MD & CEO at Bengaluru-based Canara Bank. Prabhakar holds a Master's degree in agriculture and is also a Certified Associate of the Indian Institute of Bankers (CAIIB). He has an experience of over 32 years.
The government of India will take a call on final postings and issue orders.
Separately, the names of A S Rajeev, MD & CEO of Bank of Maharashtra, and P R Sheshadri, MD & CEO of Karur Vyasa Bank, have also been kept in the reserve list by the BBB.