The Central Government after consultation with Reserve Bank of India appointed Jai Kumar Garg, Executive Director, UCO Bank as Managing Director & CEO of the Corporation Bank for a period of three years from the date; of taking over charge of the post on or after February 01, 2016 or till the date of his supperannuation or till further; orders, whichever is earliest.Jai Kumar Garg has assumed office as Managing Director & CEO of the Bank on February 01, 2016.