The central government has appointed Debaddata Chand as the Managing Director of the Bank of Baroda for a period of three years, as per a Finance Ministry notification. Chand was earlier serving as the Executive Director of the public sector banking unit. He has been promoted to the head post with effect from the date of assumption of office on or after July 1, 2023 for a period of three years.

Chand succeeds Sanjiv Chadha, whose tenure was extended till June 30, after his tenure originally ended on January 19, 2023, ending his over three-year stint.