Corporation Bank has appointed Ajai Kumar as the new Chairman & Managing Director of the bank. Kumar was earlier the Executive Director of UCO Bank since 2009. A Law Graduate and a Post Graduate in Physics from University of Allahabad, he is a certified associate of Indian Institute of Bankers ( CAIIB) and has a distinguished career in banking industry since 1973 when he joined Bank of Baroda as a Direct Officer. Basically an operations man, his career at Bank of Baroda was spent in the field, where he could gauge the market pulse and take pro- active, result- oriented measures to garner market share. A man with a penchant for independent thinking, he has played a pivotal role in strengthening and consolidating the retail business of Bank of Baroda. His hands- on and practice- driven experience facilitated balanced decision making with insight into all aspects. At Bank of Baroda, Kumar was responsible for 100% automation of the branches and migration to the Core Banking Solution. His paper " Knowledge Management - A Perspective for Public Sector Banks" was widely appreciated at the BECON 2003. He was also a Member of the Board of Directors at Indo Zambia Bank Ltd., and later National Payment Corporation of India.
FPJ

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