Bank of Baroda CEO PS Jayakumar gets 1-year extension; stock up 3%

Jayakumar's term was to end on October 12, 2018.

Oct 12, 2018 08:10 IST India Infoline News Service

Bank of BarodaThe government 
on Thursday extended the tenure of Bank of Baroda (BoB) MD-CEO PS Jayakumar by one year. Jayakumar's term was to end on October 12, 2018.

“The Central Government has extended the term of office of PS Jayakumar as Managing Director and Chief Executive Officer of Bank of Baroda for a further period of one year beyond his currently notified period of appointment of three years that expires on October 12, 2018, i.e., till October 12, 2019, or until further orders, whichever is earlier,” as per a BSE filing.

Meanwhile, BoB will announce its Q2FY19 numbers on October 30, 2018.

Bank of Baroda share price is currently at Rs96.45, up Rs2.55, or 2.72%, from its previous close of Rs93.90 on the BSE.

The scrip opened at Rs96.15 and has touched a high and low of Rs98.20 and Rs94.90, respectively.

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