Mumbai: The Bank of India (BOI) has announced the extension of tenure for two of its Executive Directors – Mr. P R Rajagopal and Mr. Subrat Kumar – reflecting the bank’s confidence in their leadership and expertise.
P R Rajagopal’s Tenure Extended Till Superannuation in July 2027
Mr. P R Rajagopal, currently serving as Executive Director of BOI since November 21, 2022, will continue in his role beyond the previously notified term ending on February 28, 2026, until his superannuation on July 31, 2027, or until further orders, whichever is earlier.
A seasoned banker, Rajagopal is a B.Sc., MBA, and CAIIB-qualified professional, with over 27 years of experience in the banking and asset management sectors. His leadership at BOI has been marked by stability and a focus on operational efficiency and credit management.
Subrat Kumar’s Term Extended by Three Years Till November 2028
Mr. Subrat Kumar, who began his banking career at BOI in 1995, has received an extension of three years beyond his current term that was set to end on November 20, 2025. His new term will now continue till November 20, 2028, or until further orders.
Kumar is a commerce graduate and Bachelor of Law (BL) and has held several critical positions throughout his career. He served as Legal Adviser at the Indian Banks’ Association (IBA) from 2000 to 2004 before rejoining BOI. In 2004, he moved to Union Bank of India, where he rose to the rank of General Manager by 2016. On March 1, 2019, he was appointed Executive Director of Allahabad Bank, prior to rejoining BOI in the same capacity.
Leadership Stability at BOI
These extensions come at a time when the Bank of India is consolidating its market position amid dynamic regulatory and competitive challenges. The decision is expected to bring continuity in strategic execution and reinforce the leadership team ahead of critical growth and digital transformation goals.
