The Public sector lender Canara Bank on Monday said it’s our executive Director Matam venkata Rao has been appointed as the MD and CEO of Central Bank of India. The central Government gazette notification on 26, 2021 has Matam Venkata Rao, as an Executive Director and Chief Executive officer in Central Bank of India for a period of 3 years, Canara Bank said in a regulatory filing.
And “He ceases to be the Executive Director of Canara Bank from March 1,2021”, Canara Bank Said.
But the important one is in May last year the Banks Board Bureau had recommended Rao to be the New MD and CEO of Central Bank of India.
So Now, Rao appointed is in lieu of MD Pallav Mahopatra, who retired as the MD and CEO of Central Bank of India on February 28, 2021.