Bank of Baroda has announced the resignation of Mr. Sumit Sachdeva, who held the position of Head – Large Corporate Relationships. This change in Senior Management Personnel (SMP) is effective from September 9, 2026. The bank has submitted the necessary details as per SEBI (LODR) Regulations, 2015, to the stock exchanges for the record. Mr. Sachdeva cited pursuing new professional opportunities beyond banking as the reason for his departure.
Bank of Baroda Announces Senior Management Change
Bank of Baroda has officially informed the stock exchanges about a significant change in its Senior Management Personnel (SMP). The bank has accepted the resignation of Mr. Sumit Sachdeva, who was serving as the Head – Large Corporate Relationships.
Details of the Resignation
As per the notification filed on September 9, 2026, Mr. Sachdeva’s resignation is effective from the same date. The reason cited for his departure is his decision to pursue new professional opportunities outside the banking sector, marking a new step in his career. The bank expressed gratitude for his contributions during his tenure and wished him continued success.
Regulatory Compliance
The bank has provided all the requisite details concerning this change in Senior Management Personnel (SMP) in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015. This information has been duly annexed and submitted to the concerned authorities and is available for public record.
Mr. Sachdeva’s Tenure
In his resignation letter, Mr. Sachdeva expressed his deep gratitude to the Bank of Baroda for the enriching association and the opportunities provided over the years. He highlighted his commitment to ensuring a smooth and comprehensive transition of his responsibilities during the notice period and extended his full cooperation to the HR department. His last working day was requested to be as early as the first week of September. The letter also mentioned his personal and professional aspirations as the driving force behind this decision.
Source: BSE
