NewsBank of Baroda Announces Senior Management Appointments and Designation Changes Effective May 11, 2026Bank of Baroda Announces Senior Management Appointments and Designation Changes Effective May 11, 2026
Bank of Baroda announced changes in its Senior Management Personnel effective May 11, 2026, comprising three new appointments — Head-MSME Banking Co-Lending and Supply Chain Finance, Head Credit Monitoring, and Head-Retail Liabilities & NRI Business — along with designation changes for two Zonal Heads in New Delhi and Mumbai. The disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, with no resignations reported.
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Bank of Baroda has announced changes in its Senior Management Personnel (SMP) and Functional Heads pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure, dated May 11, 2026, and signed by Company Secretary S Balakumar, was submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. The changes encompass three new appointments and two designation changes, all effective May 11, 2026.
Senior Management Changes at a Glance
The following table summarises the key details of the personnel changes announced by the bank:
| Parameter: | Mr. Sharma Sunil Kumar | Mrs. Manjula Devi G | Mr. Mandva Naga Subrahmanyam | Mr. Sharma Prabhat K | Mr. Kumar Madhur |
|---|---|---|---|---|---|
| Designation: | Head-MSME Banking Co-Lending and Supply Chain Finance | Head, Credit Monitoring | Head-Retail Liabilities & NRI Business | CGM, Zonal Head, New Delhi, ZO New Delhi | CGM, Zonal Head, Mumbai, ZO Mumbai |
| Nature of Change: | Appointment | Appointment | Appointment | Change in Designation | Change in Designation |
| Effective Date: | 11.05.2026 | 11.05.2026 | 11.05.2026 | 11.05.2026 | 11.05.2026 |
Profiles of Newly Appointed Officials
The three newly appointed Senior Management Personnel bring substantial banking experience to their respective roles. Their brief profiles, as disclosed by the bank, are outlined below:
- Mr. Sharma Sunil Kumar — Appointed as Head-MSME Banking Co-Lending and Supply Chain Finance. He holds a Bachelor's degree in Science and CAIIB, with over 27 years of experience in the bank.
- Mrs. Manjula Devi G — Appointed as Head, Credit Monitoring. She holds a Bachelor's degree in Economics, an MBA in Finance, and CAIIB, with over 36 years of experience in the bank.
- Mr. Mandva Naga Subrahmanyam — Appointed as Head-Retail Liabilities & NRI Business. He holds a Bachelor's degree in Science and CAIIB, with over 29 years of experience in the bank.
Designation Changes for Zonal Heads
In addition to the new appointments, two senior officials have undergone changes in designation, both effective May 11, 2026. Their profiles are as follows:
- Mr. Sharma Prabhat K — Designated as CGM, Zonal Head, New Delhi, ZO New Delhi. He holds an MBA (Finance) and CAIIB, with over 31 years of experience in the bank.
- Mr. Kumar Madhur — Designated as CGM, Zonal Head, Mumbai, ZO Mumbai. He holds a Master's degree in Arts and a Bachelor's degree in Economics, with over 17 years of experience in the bank.
Regulatory Compliance
The disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed entities to inform stock exchanges of material changes in senior management. Bank of Baroda has requested both BSE and the National Stock Exchange of India to take note of the changes and upload the information on their respective websites. No resignations were reported in connection with the current announcement.
Historical Stock Returns for Bank of Baroda
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.65% | -0.66% | -5.26% | -8.19% | +15.34% | +238.05% |
How might the new Head of MSME Banking Co-Lending and Supply Chain Finance shape Bank of Baroda's strategy to capture a larger share of the growing co-lending market with NBFCs?
With a dedicated Head for Credit Monitoring now appointed, what impact could this have on Bank of Baroda's non-performing asset (NPA) ratios and overall asset quality in the coming quarters?
How could the appointment of a new Head for Retail Liabilities & NRI Business influence Bank of Baroda's deposit mobilization strategy and NRI remittance volumes amid global economic uncertainties?
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