Central Bank of India appointed Sarada Kumar Hota as Shareholder Director of the Bank in terms of Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 effective 17th July, 2024 for a period of three years. Elected as Shareholder Director in the 17th Annual General Meeting held on 16.07.2024 pursuant to Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Sarada Kumar Hota, aged 58 years, is a post graduate in Agriculture. He is having experience of more than 37 years, out of which 26 years in commercial banking across all geographies of the Country across rural and semi urban to metro branches. He has experience of 08 years at Board Level (03 Years as MD&CEO of Can Fin Homes Ltd. and 05 years as Managing Director of National Housing Board). He has worked in various capacities in Human Resources, Strategic
Business Planning and Profit Planning verticals at different locations with Canara Bank. He was also a member of Inter regulatory Forum (IRF) of RBI, member of Central Advisory Council of Real estate regulatory Authority (RERA) and a member of the Committee constituted by Government of India to examine issues related to stalled projects.