Mumbai: Bank of Baroda (BoB) has appointed Rakesh Nema as its new Chief Technology Officer (CTO), strengthening the bank’s technology leadership as it continues to accelerate digital transformation and innovation.
According to a regulatory filing submitted to the stock exchanges, the appointment became effective on August 5, 2026. Rakesh Nema has been appointed as Chief General Manager (CGM) and Chief Technology Officer at the bank’s Corporate Centre in Mumbai.
The appointment was disclosed as part of the bank’s notification regarding changes in Key Managerial Personnel (KMP) and Functional Heads under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Rakesh Nema Takes Charge as Chief Technology Officer
With his appointment, Rakesh Nema will lead Bank of Baroda’s technology strategy and oversee initiatives aimed at strengthening the bank’s digital capabilities.
His appointment reflects the bank’s continued focus on enhancing:
- Digital banking services.
- Technology infrastructure.
- Cybersecurity.
- Operational efficiency.
- Customer-centric digital solutions.
As Chief Technology Officer, Nema is expected to play a key role in supporting the bank’s ongoing digital transformation journey.
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Over 25 Years of Banking and Technology Experience
Rakesh Nema brings more than 25 years of experience with Bank of Baroda, having served the institution in various leadership and technology-related roles throughout his career.
His educational qualifications include:
- Master’s degree in Science.
- Post Graduate Diploma in Computer Applications (PGDCA).
The bank believes his extensive experience and technical expertise will help drive innovation and strengthen its technology ecosystem.
Appointment Made Under SEBI Regulations
Bank of Baroda announced the appointment through a regulatory filing in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure included details of:
- The effective date of appointment.
- The appointee’s profile.
- The change in Key Managerial Personnel (KMP) and Functional Heads.
The appointment became effective on August 5, 2026.
Technology Leadership Gains Importance for Banks
The appointment comes at a time when banks across India are increasing investments in technology to meet evolving customer expectations and regulatory requirements.
Industry-wide priorities include:
- Accelerating digital transformation.
- Strengthening cybersecurity frameworks.
- Expanding digital banking services.
- Improving customer experience.
- Enhancing operational resilience through technology.
With the appointment of Rakesh Nema as CTO, Bank of Baroda aims to further strengthen its technology leadership and support its long-term digital growth strategy.
About Bank of Baroda
Bank of Baroda (BoB) is one of India’s leading public sector banks, offering a wide range of banking and financial services to retail, corporate and institutional customers. Headquartered in Vadodara, Gujarat, the bank has a strong domestic and international presence with an extensive network of branches and digital banking platforms. Bank of Baroda continues to focus on innovation, digital transformation and customer-centric banking services while supporting India’s growing financial ecosystem.
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