Government Transfers EDs Of BoB, IOB

The government on Tuesday transferred executive directors (EDs) of two public sector banks -- Bank of Baroda and Indian Overseas Bank.

In a surprise move, the government shifted the incumbent BoB ED Joydeep Dutta Roy to Chennai-based IOB at the same position.

This will be effective from his taking over the charge for the remainder of his term --up to Oct. 20, 2024, or until further orders, whichever is earlier, a government order said.

Meanwhile, IOB ED Sanjay Vinayak Mudaliar was shifted to BoB for the remainder of his term up to Dec. 31, 2025.