S.R. Bansal Appointed New Chairman and Managing Director (CMD of Corporation Bank.
Corporation Bank has a new Chairman and Managing Director (CMD) in S.R. Bansal. The CMD’s post at this public sector lender has been vacant since July 1 this year after Ajai Kumar retired on June 30.
Bansal assumed charge in the Capital on Saturday after the Centre issued a notification in this regard. He is due to retire on January 1, 2016. Prior to this, he was an executive director at Punjab National Bank, a position he took up in June 2012. Bansal started his banking career with Dena Bank in 1981 and went on to hold the office of the Field General Manager (North India), covering eight states.