Bank of Baroda, one of India’s leading public sector banks, announced the appointment of Lalit Tyagi as Executive Director on the company’s Board, with effect from November 21, 2022.
According to the company’s exchange filing, “In exercise of powers conferred by the proviso to clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, the Central Government vide its notification eF.no. 4/6/2021-BO.I dated 21.11.2022 has appointed Shri Lalit Tyagi (DoB: 14.06.1971), as Executive Director of Bank of Baroda for a period of three years from the date of assumption of office, or until further orders, whichever is earlier.”
Lalit Tyagi, a career Banker for around 25+ years, is currently the Chief Executive of Bank of Baroda, New York (US Operations). He has managed different functions of banking during his employment with Bank of Baroda, such as Branch Operations, Regional Head, Credit / Loans, Risk Management, International banking, etc., the statement said.
Tyagi has acquired rich experience in diverse areas of banking and has thorough knowledge of corporate and International credit, forex and money market, risk management and administrative roles, a statement said.
Lalit Tyagi has Post Graduate Diploma in Banking & Finance (PGDBF) from National Institute of Bank Management (NIBM), Pune and is also a Certified Associate of Indian Institute of Bankers.
