Bank of Baroda — Others, 19-07-2025: Resignation

Bank of Baroda has seen a leadership change in its wealth management division. Mr. Virendra Somwanshi, President and Head of Wealth Management & Capital Markets, has resigned. His departure takes effect on July 18. While his resignation letter expressed gratitude and commitment to a smooth transition, no specific reason for his departure was provided. This leadership transition will be closely watched as wealth management is a key growth area for banks, impacting the strategic direction of this segment.