M. G. Sanghvi is new CMD of Syndicate Bank

Mr Madhukant Girdharlal Sanghvi will be the Chairman and Managing Director of Syndicate Bank effective March 1, after the superannuation of Mr Basant Seth. Prior to this appointment, Mr Sanghvi was the Executive Director, Bank of Maharashtra.

He has over 31 years of experience in various fields of banking, including branch/regional/zonal resources management, credit, treasury, planning, risk management, finance and accounts.

He began his banking career in Bank of Baroda in 1980, and later joined Dena Bank. He became a General Manager in Dena Bank in 2003. Mr Sanghvi became the Executive Director of Bank of Maharashtra in October 2008.