As per information given by the public sector entity, Andhra Bank, to the Bombay Stock Exchange on December 02, 2011, R Ramachandran, the erstwhile chairman and managing director, has demitted office on superannuation, effective from December 31, 2011. He was appointed to this post in September 2010. B. A. Prabhakar, who held the post of Executive Director of Bank of India, has assumed charge of this position from January 02, 2012. He will hold this post till August 31, 2013, the date of his attaining the age of superannuation or until further orders, whichever is earlier.
Prabhakar was appointed as the ED of Bank of India in October 2008. Prior to this, he had a long stint at the Bank of Baroda where he joined as a Direct Recruit Officer in 1977. He went on to become the head of its UK operations in his role as Chief Executive and subsequently, took over as the General Manager in Mumbai, looking after the treasury operations.
Prabhakar completed his Bachelor of Commerce from the University of Mysore and is also a qualified chartered accountant.