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Ranjana Kumar takes charge as Nabard chief

By Our Staff Correspondent

CHENNAI NOV. 21. Ranjana Kumar, who relinquished office as Chairman and Managing Director of Indian Bank, today took over as Chairman of National Bank for Agriculture and Development (Nabard). She was at the helm of Indian Bank since June 29, 2000.

Ms. Ranjana Kumar moved into Indian Bank at a critical time and was largely credited with turning it around.

As she steps into Nabard, she faces yet another challenge in her professional life. Nabard is reportedly facing a peculiar problem. It is finding it tough to park funds with many banks not taking the refinance route these days. She may have to reinvent a role for Nabard in the fast-changing environment.

M. B. N. Rao, now Executive Director of Indian Bank, will hold charge of the bank in the interim. A formal order to elevate him to the CMD slot is expected any time.

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