Bank of India Announces Change in Four Senior Management Effective January 7 2026
Mumbai: Bank of India has announced important changes in its senior management structure with effect from January 7 2026. The changes have been made in accordance with Regulation 30 of SEBI LODR Regulations 2015 and are aimed at strengthening the bank’s operational focus across key business verticals.
As per the official disclosure, the Board has approved the reassignment of responsibilities among four senior executives to improve coordination, efficiency and performance in core banking functions including corporate credit, retail banking, treasury, digital lending and resource mobilisation.
Key Management Changes
The following changes in assignment have come into effect from January 7 2026.
1 Shri Ashok Kumar Pathak
Previous assignment Retail Rural MSME and Financial Inclusion
New assignment Corporate Credit Treasury International and FBD
2 Shri Sharda Bhushan Rai
Previous assignment Resource Mobilization CEBB Publicity Marketing Wealth Management Third Party Products and Government Business
New assignment Credit Monitoring Recovery SARD and Legal
3 Shri Nitin G Deshpande
Previous assignment Corporate Credit Treasury International and FBD
New assignment Retail Rural MSME Financial Inclusion and Digital Lending
4 Shri Prashant Thapliyal
Previous assignment Credit Monitoring Recovery SARD and Legal
New assignment Resource Mobilization CEBB Publicity Marketing Wealth Management Third Party Products and Government Business
Strategic Objective
The management restructuring is expected to strengthen Bank of India’s leadership alignment with its growth strategy. By placing experienced executives in critical operational roles, the bank aims to enhance business development, improve risk management and accelerate digital and retail banking expansion.
Outlook
The senior management changes reflect Bank of India’s continued focus on improving organizational effectiveness and supporting long term business growth while maintaining regulatory compliance and governance standards.
Market Update: The bank announced key senior management reshuffles effective January 7, 2026, aimed at strengthening operations, improving efficiency, and supporting growth in corporate credit, retail banking, treasury, and digital lending.
Q3 Reuslt: Power Finance Corporation (PFC) is expected to release its Q3 FY26 earnings report on February 17, 2026, with results for the period ended December 2025. The company typically releases its Q3 earnings around mid-January or early to mid-February.
About Bank of India: Bank of India is a leading public sector bank offering a full range of banking and financial services across retail, corporate, and international markets.