Bank of Baroda has announced the appointment of Mr. Rakesh Nema as Chief General Manager (CGM) and Chief Technology Officer (CTO), based at its Baroda Corporate Centre, Mumbai. The appointment took effect on 05 August 2026, as per the date of orders. The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, notifying stock exchanges of a change in Key Managerial Personnel (KMP) of the bank.

Appointment Details

The following table summarises the key details of the appointment as disclosed by the bank:

Profile of the Appointee

Mr. Rakesh Nema holds a Master's degree in Science and a Post Graduate Diploma in Computer Applications. He brings over 25 years of experience within Bank of Baroda, reflecting a deep institutional understanding of the bank's operations and technology landscape.

Regulatory Disclosure

The intimation was submitted to both BSE Ltd. and the National Stock Exchange of India Ltd. by S. Balakumar, Company Secretary of Bank of Baroda, in compliance with applicable SEBI listing regulations. The bank has requested both exchanges to take note of the change and upload the information on their respective websites.

Bank of Baroda bank of baroda has appointed Ritesh Kumar as Group Chief Compliance Officer, effective August 1, 2026. This leadership change strengthens the bank’s compliance framework under a senior internal candidate with extensive institutional knowledge. The appointment ensures continuity in regulatory oversight as the bank navigates evolving financial regulations.

The bank notified the Bombay Stock Exchange and the National Stock Exchange of India Ltd. on August 1, 2026, regarding this change in Key Managerial Personnel. The disclosure was made pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. S Balakumar, Company Secretary, signed the communication, confirming the appointment details for exchange records.

Appointment Details

Ritesh Kumar assumes the role of Group Chief Compliance Officer immediately upon the effective date. His background includes significant tenure within the organization, ensuring familiarity with the bank’s operational structure and risk management protocols.

Kumar holds a Master’s degree in Arts (Economics) and an MBA in Finance. He also possesses a Diploma in Treasury Investment and Risk Management and a PG Diploma in Finance Management. His academic qualifications align with the technical requirements of the compliance function.

Internal Progression

The appointment reflects an internal promotion strategy, leveraging Kumar’s over 18 years of experience within Bank of Baroda. His prior exposure to treasury investment and risk management provides a robust foundation for overseeing compliance matters. This internal transition minimizes disruption to ongoing regulatory initiatives.