Bank of Baroda has appointed Mr. Punit Kumar Mishra as the Head - Official Languages & Parliamentary Committees at its Head Office in Vadodara. The appointment is effective from July 16, 2026, pursuant to the orders issued on the same date. This change in senior management personnel has been communicated to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

Mr. Punit Kumar Mishra holds a Master's degree in Arts and a Ph.D in Hindi. He possesses over 25 years of experience working within the bank. The appointment falls under the category of a new appointment rather than a re-appointment or any cessation of role.

Details of Appointment

The following table outlines the key details regarding the change in senior management:

The bank has requested the exchanges to take note of this development and upload the information on their respective websites.

The Reserve Bank of India imposed a penalty of Rs 63.60 lacs on Bank of Baroda for specific regulatory non-compliances regarding loan interest and customer verification processes. The monetary penalty was received by the bank on July 3, 2026, and will directly impact its profit and loss statement for the period. The action was taken under the central bank's supervisory powers, highlighting operational gaps in adherence to prescribed norms.

Details of the Violation

The regulatory order identified two specific instances of non-compliance that led to the financial penalty. The first instance involved the bank collecting interest higher than the contracted rate of interest in certain loan accounts. The second violation pertained to the bank's failure to upload Know Your Customer (KYC) records of certain customers onto the Central KYC Records Registry (CKYCR) within the prescribed timeline.

Financial Impact

The bank acknowledged that the penalty of Rs 63.60 lacs would have a quantifiable impact on its financial operations. The amount has been booked as an expense, affecting the overall profitability for the reporting period. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015.

The communication was formally signed by S Balakumar, Company Secretary of Bank of Baroda, and submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. to ensure public dissemination of the regulatory action.