Govt elevates Vandita Kaul as nominee Director on board of Bank of India

On Friday, the State-owned Bank of India (BOI) said the government has appointed Vandita Kaul, additional secretary in the Finance Ministry, to its board as a nominee director. The bank said it has received the communication from the Finance Ministry about Vandita’s nomination on May 13, 2021.

The government has nominated Vandita Kaul, Additional Secretary, Ministry of Finance, Department of Financial Services as government nominee director on the board of directors of Bank of India with immediate effect, the lender said in a regulatory filing.

Bank of India has a total of eight members on its board, counting the MD and CEO Atanu Kumar Das, its four executive directors, one nominee director each from the government, and the RBI and one shareholder director. Bank of India is an Indian government-owned bank. It is under the ownership of the Ministry of Finance, Government of India with headquarters in Bandra Kurla Complex, Mumbai.

While firmly certifying to a policy of discretion and concern, the Bank has been in the vanguard of introducing various innovative services and systems. The business has been conducted with the successful merge of traditional values and ethics and the most modern infrastructure. The Bank has been the first among the nationalized banks to launch a fully computerized branch and ATM facility.