The Union Government, in consultation with the Reserve Bank of India, has appointed Mr B. Sambamurthy as the Chairman and Managing Director of Corporation Bank. He is assuming office on April 1. Mr Sambamurthy, a Chartered Accountant, joined the services of Syndicate Bank in 1978 and rose to the position of the General Manager. Mr Sambamurthy was a member of Export Advisory Committee and Standing Committee on Forex Clearing constituted by the Reserve Bank of India, the release added.
