Bank of Baroda Uganda has appointed Deepak Kumar Mishra, the current assistant general credit manager, to its board as an executive director.
The lender said Monday that Mr Mishra’s “extensive experience” will be invaluable to the board as the bank “continues to navigate the dynamic financial landscape”.
He has worked at the bank for 16 years, according to his LinkedIn profile, holding roles in India at Baroda’s parent company and in Uganda. He joined the Ugandan subsidiary in September 2023 as chief credit manager.
Mr Mishra, who will join Baroda’s board on 29 July, has an MBA with a specialisation in finance and an undergraduate degree in physics.
Baroda’s board comprises a chairperson, two executive directors, and five non-executive directors. Mr Mishra joins Prithvi Singh Bhati as the second executive director.
The board is responsible for the bank’s overall stewardship, delegating day-to-day management responsibilities to the managing director. By law, all banks must have at least one executive director, in addition to a managing director, who resides in the country and is responsible for directing the bank’s business. Executive directors should be familiar with the bank’s long-term strategy and be able to influence its policies. The executive director reports to the managing director.
As the Bank of Baroda explains in its annual report for 2024, “the executive directors have direct responsibility for business operations, whereas non-executive directors are responsible for bringing independent judgment and scrutiny to decisions taken by the management, providing objective challenge to the management.”
