Mangalore: Ajai Kumar has been appointed as CMD (Chairman/Managing Director) of Corporation Bank which has its head office in Mangalore. He replaces Ramnath Pradeep, who is shifted. Ajai earlier was Executive Director of United Commercial (UCO) Bank.

Ajai is a C.A.I.I.B, M.Sc., and LL.B. of Allahabad University. He entered Bank service in 1973 in Bank of Baroda (B.O.B) as officer and served several Banks in the last 36 years before reaching Mangalore to head one of the local prominent banks.

B.O.B received great fillip under Ajai’s leadership and covered a lot of ground in progress. He organized 100% core banking solutions in all branches of the Baroda Bank.