Akhil Handa, who was heading the digital lending business at Bank of Baroda, has resigned from his duties, the public sector lender informed in a late-night exchange filing.
The bank said that Kadgatoor Sheetal Venkatesmurt will take over the charge along with her existing responsibilities as the head of digital channels and operations.
"As I embark on a new journey, today, October 31, 2023 marks the end of my journey at Bank of Baroda, and I wanted to take a moment to express my heartfelt gratitude to my incredible colleagues for the incredible support and camaraderie during my time here," Handa Said in his LinkedIn post.
"While the decision to move on was made a long time ago, I had to wait until my transition period completion to make this announcement. Your support, encouragement, and collaboration have been invaluable throughout this period," he added.
Notably, he was closely associated with building the mobile banking application 'Bob World'. The RBI, on October 10, directed BoB to stop onboarding new customers to BOB World, the lender’s digital banking application.
“Bank of Baroda should suspend, with immediate effect, any further onboarding of customers onto the BOB World mobile application. This action is based on certain material supervisory concerns observed in the manner of onboarding customers onto this mobile application,” the central bank said in a press release on October 10.
Handa joined the bank in 2015 and has been responsible for the strategic digital direction of Bank of Baroda as a member of the Corporate Leadership Team. As the chief digital officer, he has been responsible for digital transformation across the lines of business of the bank and ownership of the P&L.
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