Bank of bank of baroda has announced the cessation of Shri Elango Balasubramaniam from his role as Group Chief Compliance Officer. The change in Key Managerial Personnel (KMP) takes effect on July 31, 2026, due to superannuation. This leadership transition marks the end of his tenure in a critical compliance oversight role within the public sector lender.

The bank disclosed the change in its functional heads to the Bombay Stock Exchange and the National Stock Exchange of India Ltd. The notification was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. S Balakumar, the Company Secretary, signed and dated the disclosure on July 31, 2026.

Personnel Change Details

The filing provides specific details regarding the departure of the Group Chief Compliance Officer. The information submitted to the exchanges confirms the reason for the change and the effective date of cessation.

Shri Elango Balasubramaniam served as the Group Chief Compliance Officer until his retirement date. The filing does not disclose a successor or interim arrangement for the role. The bank has requested the exchanges to take note of the change and upload the information on their respective websites.

Regulatory Compliance

The disclosure aligns with the mandatory reporting requirements for listed entities under Indian securities law. Regulation 30 of the SEBI (LODR) Regulations, 2015, mandates that listed companies intimate the stock exchanges about changes in Key Managerial Personnel or Functional Heads within two trading days of such events. Bank of Baroda complied with this timeline by issuing the notice on the same day as the cessation date.

The filing was addressed to the Vice-President of both BSE Ltd., located at Phiroze Jeejeebhoy Towers, Mumbai, and the National Stock Exchange of India Ltd., located at Exchange Plaza, Bandra Kurla Complex, Mumbai. The company codes referenced in the communication are 532134 for BSE and BANKBARODA for NSE.

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.

What the Numbers Show

While no financial metrics are directly tied to this personnel change, the retention of senior talent with long-term institutional experience suggests a focus on stability in governance. The compliance officer role is critical for maintaining adherence to SEBI guidelines and preventing regulatory penalties, which can impact net interest margins and operational costs.