At 11:32 AM, the stock was trading 4.82% higher at Rs 102.85 on the BSE, outperforming the benchmark BSE Sensex, which was up by 0.07% at 78,528.01. The bank’s market capitalisation stood at Rs 11,325.66 crore. Over the past 52 weeks, the stock has traded between Rs 88.20 and Rs 152.45.
The bank confirmed the appointment in a regulatory filing, noting that Chatterjee will replace Baldev Prakash as the Government Nominee Director on the Board, effective December 30.
Amitava Chatterjee brings over three decades of banking expertise, having previously served as Deputy Managing Director at State Bank of India (SBI) and as MD & CEO of SBICAPS. He has held key positions, including Chief General Manager of SBI’s New Delhi and Jaipur Circles, where he managed high-profile clients such as PSUs, NBFCs, and DISCOMs. His expertise spans business development, risk and compliance management, and HR functions.
An MBA graduate from ICFAI University Hyderabad and a Certified Associate of the Indian Institute of Bankers (CAIIB), Chatterjee is also a passionate sports enthusiast, with interests in tennis, football, and cricket.
This appointment is expected to boost the bank’s leadership capabilities and support its strategic goals in the highly competitive banking sector.
