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Daijiworld News Network - Udupi/Manipal (GA)

Udupi, Apr 1: Prakash Mallya (57), hitherto executive director of Syndicate Bank will take over as Chairman and Managing Director (CMD) of Vijaya Bank on Saturday April 1.

Mallya holds masters degree in economics and has submitted thesis on banking for his Ph D.  Malya has been in the banking sector for the last 33 years and has served Canara as well as Syndicate banks during these years.

His entry into banking sector was as probationary officer in Canara Bank in the year 1973.  During the many years he served in Canara Bank, he rendered committed service in various branches at Mumbai, New Delhi, Rajasthan, Madhya Pradesh and other places.  Before he was appointed to Syndicate bank, he was the general manager in Canara Bank.

During his tenure as executive director of Syndicate bank, the bank has registered record breaking profit of Rs 526 crore.  He was the backbone behind setting up Synd Bank BPO which was inaugurated by union finance minister P Chidambaram on March 24.

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