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BoB chief faces these challenges ahead of merger with Vijaya, Dena Bank

He firmly believes that although BoB is a public sector bank, a lot can be done internally without government intervention

BS Reporter 

PS Jayakumar
PS Jayakumar

| PS came on board as managing director and chief executive officer of of Baroda (BoB) in October 2015 after a successful stint as an entrepreneur running housing and affordable housing companies

| Like all chiefs, also faced challenges like recognising and recovering bad loans. However, the had minimum exposure to big-ticket NPAs in the steel and infrastructure segments

| He started with some advantages – had a good brand image and conducive work culture

| This helped him focus on developing long-term plans and capabilities. The is building category-wise platforms for channel financing of SME and agriculture credit

| He did a review of the bank’s international business and is now involved in rationalising the branch network

| He firmly believes that although is a public sector bank, a lot can be done internally without government intervention

| has put in efforts on skill and knowledge development as well as rolling out a succession plan by grooming managers for higher positions

As someone who will pilot the merger of BoB with Vijaya Bank and Dena Bank, faces three challenges:

| Ensuring fair valuation while deciding the swap ratio for merger

| Coming up with a collective leadership plan for harmonious integration of diverse cultures of the three banks

| Rationalising branch network across to save cost and accrue value

BoB chief faces these challenges ahead of merger with Vijaya, Dena Bank

First Published: Sun, October 14 2018. 00:04 IST
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