Central Bank of India has announced the election of Shri Sarada Kumar Hota as a Shareholder Director following the bank's 17th Annual General Meeting (AGM) held on July 16th, 2024.
Hota, a postgraduate in agriculture, brings over 37 years of experience to the position, with 26 years specifically in commercial banking. His career spans across various geographies in India, from rural and semi-urban to metro branches.
Notably, Hota has 8 years of board-level experience, including three years as MD & CEO of Can Fin Homes Ltd. and five years as Managing Director of the National Housing Board. He has held several positions at Canara Bank, focusing on human resources, strategic business planning, and profit planning.
Hota's additional experience includes membership in the RBI's Inter-regulatory Forum (IRF), the Central Advisory Council of the Real Estate Regulatory Authority (RERA), and a Government of India committee examining stalled project issues.
The election of Hota as Shareholder Director strengthens Central Bank of India's leadership team and brings a wealth of knowledge and expertise to the board. His appointment is seen as a positive step in the bank's ongoing efforts to improve governance and enhance shareholder value.
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