PS Jayakumar will continue in his role as Bank of Baroda's managing director and chief executive officer for another year till Oct. 12, 2019, according to an order issued by the Personnel Ministry.
Jayakumar had joined the state-run bank in Oct. 2015.
The Appointments Committee of the Cabinet has approved extension in tenure of Jayakumar for a period of one year, i.e. till Oct. 12, 2019, beyond his currently notified period of appointment of three years that expires on Oct. 12.Personnel Ministry's Order.
Prior to his appointment at Bank of Baroda, Jayakumar was the co-founder and CEO of VBHC Value Budget Housing, a leader in housing for low and moderate income households.
He has been a career banker since 1986 and has spent over 23 years in Citibank in India and Singapore. Jayakumar has contributed to several innovations in retail banking in India.
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