Dinabandhu Mohapatra takes office as Managing Director & Chief Executive Officer of Bank of India
Bank of India has also reduced its Marginal Cost of funds based Lending rate (MCLR) by 10bps from 8.50% to 8.40% with effect from May 7.
Prior to this Mohapatra was the Executive Director of Canara Bank. He was looking after International Operations, Overseas Credit, Strategic Planning & Development (including Economic Intelligence & BPR), Retail Resources, Marketing, Selling & Cross-selling, Government Business and Fee Income Vertical, Corporate Credit, PAG & Syndication, CDR & Stressed Accounts, Financial Management & Subsidiaries.
He was also Director on the Boards of Canara Bank’s Subsidiaries – CHOICe, Canbank Factors & Canbank Computer Services Limited.
Mohapatra, a post-graduate in Economics and holding a degree in Law, joined Bank of India as a Direct Recruit Officer in the year 1984. During his career spanning over three decades, he has headed various Branches, Departments, Zones and National Banking Groups in Eastern, Western, Northern and Southern parts of the country.
He carries with him vast knowledge and multi-dimensional banking experience including Treasury Operations, International Banking, Priority Sector Lending, Corporate Lending, Marketing, Recovery, Human Resources, spanning over thirty three years, including his stint as Chief Executive Officer of Hong Kong and Singapore Centres of Bank of India.
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