Bank of India Appoints Nabin Kumar Dash as CVO on Additional Charge Basis
Bank of India has appointed Shri Nabin Kumar Dash, currently serving as CVO of Canara Bank, as CVO of Bank of India on an additional charge basis effective May 1, 2026, following the superannuation of Shri Vishnu Kumar Gupta. The arrangement will remain in place for up to three months or until a full-time CVO is appointed, whichever is earlier, as disclosed under SEBI Regulation 30.
*this image is generated using AI for illustrative purposes only.
Bank of India has announced the appointment of Shri Nabin Kumar Dash, Chief Vigilance Officer (CVO) of Canara Bank, as CVO of Bank of India on an additional charge basis, effective May 1, 2026. This follows the superannuation of the bank's previous CVO, Shri Vishnu Kumar Gupta, on April 30, 2026. The disclosure was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CVO Transition Details
The bank communicated both developments — the superannuation of Shri Vishnu Kumar Gupta and the subsequent appointment of Shri Nabin Kumar Dash — through official correspondence to the listing departments of the National Stock Exchange of India Ltd. and BSE Ltd. The key details of both events are outlined below.
| Parameter: | Details |
|---|---|
| Outgoing Officer: | Shri Vishnu Kumar Gupta |
| Position: | Chief Vigilance Officer |
| Superannuation Date: | April 30, 2026 |
| Effective Time: | Close of office hours |
| Reference Number (Superannuation): | HO:IRC:SVM:2026-27:30 |
| Parameter: | Details |
|---|---|
| Incoming Officer: | Shri Nabin Kumar Dash |
| Current Assignment: | CVO, Canara Bank |
| New Role: | CVO, Bank of India (Additional Charge) |
| Effective Date: | May 1, 2026 |
| Duration: | Up to three months, or until a full-time CVO is appointed, or until further orders — whichever is earlier |
| Reference Number (Appointment): | HO:IRC:UR:2026-27:39 |
Nature of the Appointment
Shri Nabin Kumar Dash has been assigned the additional charge of the CVO post at Bank of India in addition to his existing responsibilities at Canara Bank. The arrangement is intended to be transitional, remaining in effect for up to three months or until a full-time CVO is appointed at Bank of India, or until further orders — whichever comes first. This interim structure ensures continuity in the bank's vigilance and compliance functions during the transition period.
Regulatory Compliance and Authentication
Both disclosures were made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were formally communicated to both NSE and BSE. The appointment disclosure, dated May 5, 2026, was signed by Usha Ramsinghani, Company Secretary of Bank of India, and digitally authenticated on May 5, 2026, at 18:33:58 +05'30'. The bank has requested the stock exchanges to take the information on record and arrange for appropriate dissemination to market participants and stakeholders.
Historical Stock Returns for Bank of India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.71% | -1.32% | +2.29% | +0.13% | +22.33% | +105.69% |
What criteria will Bank of India use to select a permanent full-time CVO, and how might the three-month interim period affect ongoing vigilance investigations or compliance initiatives?
How does managing dual CVO responsibilities across Canara Bank and Bank of India simultaneously impact the effectiveness of vigilance oversight at both public sector banks?
Could this interim arrangement signal a broader trend of shared senior compliance roles across public sector banks, and what are the regulatory implications for governance standards?
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