Matam Venkata Rao Join as MD & CEO Of Central Bank Of India

Mr. Matam Venkata Rao has taken over charge as Managing Director & CEO of Central Bank of India with effect from 1st March, 2021. Prior to joining the current assignment, Shri Rao was Executive Director, Canara Bank for more than three years where he played a pivotal role in the Bank's progress and in amalgamation of Syndicate Bank with Canara Bank.

Mr. Matam Venkata Rao is a Post Graduate in Agriculture from Sri Venkateshwara Agriculture College, Tirupati, Andhra Pradesh. He is a Certified Associate of Indian Institute of Bankers.

A seasoned banker with varied experience, Mr. Matam Venkata Rao joined Allahabad Bank as Agricultural Field Officer in 1988 and worked in various capacities in different geographical areas of the country. As General Manager of Allahabad Bank, he headed Bank's important verticals like Wholesale & Retail Banking. He was also instrumental in launching a transformative project in Allahabad Bank to bring focus on Asset-centric banking.

Shares of CENTRAL BANK OF INDIA was last trading in BSE at Rs.18.65 as compared to the previous close of Rs. 19.24. The total number of shares traded during the day was 1164322 in over 2511 trades.

The stock hit an intraday high of Rs. 20 and intraday low of 18.5. The net turnover during the day was Rs. 22057724.

Source : Equity Bulls

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