Wednesday, August 6, 2008

K R Kamath appointed as Allahabad Bank CMD




Allahabad Bank is the oldest public sector bank in India. It was set up in 1865 by a group of Europeans with a seed capital of INR 2 lakhs. In 2007, Bank's business crossed INR.1,00,000 crores mark.

Bank of India Executive Director, K R Kamath has been appointed as the Chairman & Managing Director of Kolkata-based Allahabad Bank. The appointment has come after A C Mahajan, who was earlier serving as CMD of Allahabad Bank, took over as the chief of Canara Bank last month.

K R Kamath was a General Manager in Corporation Bank since 2002.At Corporation Bank he was in charge of Information Technology, Information Security, Management Information System and Integrated Risk Management.

K R Kamath is known for his conceptual clarity, communication skills and ability to build strong result oriented teams. He has been one of the key members of the Team that has conceptualised and initiated steps to implement Organisational Transformation Project of Corporation Bank.

1 comment:

Anonymous said...

allahabad bank desperately need person like mr kamath