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Praveen Kumar Appointed as Managing Director and CEO of Bank of India.

Appointments | Dated: 08 May 2026

The Appointments Committee of the Cabinet officially approved the highly prestigious appointment of seasoned banking executive Praveen Kumar as the new Managing Director and CEO of Bank of India. He assumes complete charge to guide operational restructuring.

🎯 Key Highlights:

  • He officially succeeds Rajneesh Karnatak after the successful completion of his term.
  • He formerly served brilliantly as an Executive Director at the State Bank of India.
  • The appointment strictly applies for a standard operational period of three years.

💡 Other Important Facts:

  • Appointee: Praveen Kumar.
  • Role: MD & CEO.
  • Bank: Bank of India.

📚 Test Your Knowledge:

Who has been recently appointed by the government as the entirely new Managing Director and CEO of Bank of India?

Correct Answer: Praveen Kumar

🚀 Quick Recap:

About Bank of India

  • Founded - 7 September 1906
  • Headquarters - Mumbai, Maharashtra