The Indian government has approved the appointment of Kalyan Kumar as Managing Director and Chief Executive Officer of Central Bank of India, filling the vacancy created when M. Venkata Rao retired in July 2025. Kumar assumed charge on 1 October 2025 and will serve a three-year term, according to the government's approval notification.
Kumar most recently held the position of Executive Director at Punjab National Bank.
Central Bank of India is headquartered in Mumbai.
SUCCESSION AFTER M.V. RAO'S RETIREMENT
M. Venkata Rao, widely referred to as M.V. Rao, retired as MD and CEO on 31 July 2025 on reaching superannuation. Senior appointments at public sector banks in India involve selection by the Financial Services Institutions Bureau and approval by the Appointments Committee of the Cabinet.
Having assumed charge on 1 October 2025, he has begun his three-year term as MD and CEO of Central Bank of India.