Jai Kumar Garg appointed as MD and CEO of Corporation Bank

Garg took charge of the public sector bank on 1 February 2016, succeeding S R Bansal, who superannuated from services as CMD on 31 January 2016.

Created On: Feb 2, 2016 14:17 ISTModified On: Feb 2, 2016 14:58 IST

The Union Government on 1 February 2016 appointed Jai Kumar Garg as Managing Director (MD) and Chief Executive Officer (CEO) of Corporation Bank for a period of three years.

Garg took charge of the public sector bank on 1 February 2016, succeeding S R Bansal, who superannuated from services as CMD on 31 January 2016.

Who is Jai Kumar Garg?

Garg is a chartered accountant and also associate member of Indian Institute of Banking and Finance.

Prior to his appointment at Corporation Bank, he worked as executive director in UCO Bank.

He started his career at Corporation Bank in 1986.

He has experience in credit management, recovery, forex operations, retail banking and administration.

About Corporation Bank

Corporation Bank is a public sector banking company headquartered in Mangaluru, India.

It was founded on 12 March 1906 in the Temple Town of Udupi, by a small group of philanthropists led by Khan Bahadur Haji Abdulla Haji Kasim Saheb Bahadur.

It is the oldest banking institution in the erstwhile undivided South Canara District of the Madras Presidency.

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