Public sector lender, Corporation Bank has appointed Ashwani Kumar as its new executive director with effect from December 1.

The bank has appointed Kumar to the post for a tenor of five years. Prior to this he was working as General Manager of Allahabad Bank.

As GM of Allahabad Bank he headed the planning and development arm of the bank. In 2008, he was designated as the field general manager and served at New Delhi.

The bank also declared that Kumar's appointment will make him succeed Asit Pal.

Kumar holds a MSc degree and CAIIB diploma. He joined Allahabad Bank as probationary officer in the year 1981 and rose to the executive post in 2000.