Lateral hiring is the process of recruiting an expert for a specific role from another organization. Chugh was previously the chief executive of Ujjivan Small Finance Bank and had spent several years at the largest private lender, HDFC Bank. In 2020, Bank of Baroda appointed Ian De Souza as the chief financial officer. According to his LinkedIn profile, he was previously at Yes Bank. De Souza left Bank of Baroda in 2024 to join the National Stock Exchange.

Source: Mint January 05, 2026 17:32 UTC