Public sector lender Corporation Bank has appointed Mr Ajai Kumar as the new Chairman and Managing Director of the bank.

Kumar has joined Corporation Bank from being Executive Director with UCO Bank.

He has taken charge of his post with Corporation Bank from Saturday, 01 October 2011.

He started his banking career with Bank of Baroda in the year 1973.

He has since then worked in different roles with the bank in its domestic as well as international forefront.