Bank of Baroda has announced a key management change with the appointment of Mr. Rakesh Nema as the new Chief Technology Officer (CTO) and CGM, effective August 5, 2026. Mr. Nema brings over 25 years of experience in the banking sector and holds a Master’s degree in Science and a P G Diploma in Computer Applications. This appointment is in line with SEBI (LODR) Regulations, 2015.
Key Managerial Personnel Update
Bank of Baroda has officially announced a change in its Key Managerial Personnel (KMP). Effective August 5, 2026, Mr. Rakesh Nema has been appointed to the crucial role of CGM, Chief Technology Officer (CTO), based at the bank’s BCC in Mumbai. This appointment signifies a strategic move to bolster the bank’s technological leadership and overall operational capabilities.
Mr. Rakesh Nema’s Profile
Mr. Rakesh Nema joins the bank with a distinguished career spanning over 25 years in the financial services industry. His academic qualifications include a Master’s degree in Science and a Post Graduate Diploma in Computer Applications. His extensive experience is expected to drive innovation and efficiency within the bank’s technology division.
Regulatory Compliance
This appointment has been made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank has provided the necessary details regarding this change, including the date of appointment and the profile of the appointee, for public disclosure and record.
Source: BSE
