Bank of India (BOI), a prominent public sector bank in India, has made a significant announcement regarding its senior management restructuring. As per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank has promoted Shri Pramod Kumar Dwibedi and Shri Sunil Sharma, both General Managers of the bank, to the position of Chief General Manager.

Promotion Details

• Pramod Kumar Dwibedi and Sunil Sharma have been elevated to the role of Chief General Manager, effective from April 1, 2025.

• This promotion is in line with Bank of India’s ongoing efforts to strengthen its senior management team.

Significance of the Promotion

The elevation of these two experienced senior executives highlights Bank of India’s focus on leadership development and enhancing the expertise at the top levels of management. With Shri Pramod Kumar Dwibedi and Shri Sunil Sharma now holding the Chief General Manager position, the bank aims to leverage their experience and leadership in driving its strategic goals for the upcoming fiscal years.

Regulatory Compliance

In compliance with Regulation 30 and 51 of SEBI (LODR) Regulations, 2015, the bank has made a public announcement of the management change. This is part of the disclosure requirements to keep stakeholders informed of significant corporate developments.

Bank of India’s Leadership Strategy

The promotion of senior leaders like Pramod Kumar Dwibedi and Sunil Sharma reflects the bank's commitment to internal leadership growth and recognizing the contributions of experienced professionals within the organization. The move also aims to strengthen the management structure and support the bank's long-term objectives.

Conclusion

Bank of India’s decision to promote Shri Pramod Kumar Dwibedi and Shri Sunil Sharma to the Chief General Manager positions is a significant step in the bank’s leadership transformation. This change is aimed at driving operational excellence and strategic growth as the bank continues to evolve in the competitive banking sector. The promotion, effective from April 1, 2025, ensures the bank is well-positioned for future challenges and opportunities.

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