Bank of Baroda has received notification from the Central Government regarding the extension of tenure for its Managing Director & Chief Executive Officer Shri Debadatta Chand. The notification, dated 23.04.2026, extends his tenure for a period of three years beyond his currently notified term which is ending on 30.06.2026, or until further orders, whichever is earlier.

The extension has been granted in exercise of powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, read with paragraph 8(1) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970.

Key Details of the Extension

The bank has requested the stock exchanges to take note of this development pursuant to Regulation 30 of SEBI (LODR) Regulations and to upload the information on their respective websites. The communication was addressed to both BSE Ltd. and National Stock Exchange of India Ltd., with BSE code 532134 and NSE code BANKBARODA respectively.

Regulatory Compliance

The disclosure has been made in compliance with Regulation 30 of the SEBI (LODR) Regulations, which requires listed companies to inform the stock exchanges about material events that may impact the company or its stakeholders. The extension of the Managing Director & CEO's tenure constitutes a significant corporate governance development requiring timely disclosure to the market participants and investors.

Background

Shri Debadatta Chand has been serving as the Managing Director & Chief Executive Officer of bank of baroda . The Central Government's decision to extend his tenure reflects the continuation of the existing leadership at the helm of one of India's major public sector banks. The three-year extension provides stability and continuity in the bank's executive management structure for the foreseeable future, subject to further orders from the competent authority.

Bank of Baroda has announced a key senior management appointment, naming Mr. Agarwal Vivek as Head - Legal & RTI effective 23.04.2026. The appointment was formally disclosed to stock exchanges under Regulation 30 of SEBI (LODR) Regulations, 2015.

Appointment Details

The bank has provided comprehensive details of the senior management change through its regulatory filing:

Professional Background

Mr. Agarwal brings significant expertise to his new role at Bank of Baroda. He is a Law graduate and also holds a Master's Degree in Business Law, providing him with comprehensive legal knowledge relevant to banking operations. His extensive experience includes over 18 years of experience in the banking sector, positioning him well for the leadership role in legal and RTI (Right to Information) functions.

Regulatory Compliance

The appointment was disclosed pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, which mandates disclosure of material events and information. The bank's Company Secretary, S Balakumar, signed the regulatory filing dated 23.04.2026, ensuring compliance with stock exchange notification requirements for both BSE and NSE.

This senior management appointment reflects Bank of Baroda's commitment to strengthening its legal and compliance framework with experienced professionals in key functional roles.