Sanjay Agarwal, the chief executive officer of Bank of Baroda’s South African unit, has died.
“The South African Reserve Bank is aware of the passing away of Bank of Baroda CEO, Mr. Sanjay Agarwal, and conveys our sympathies to his family and the staff of the bank,” the Reserve Bank said in an e-mailed response.
Bank of Baroda provides banking services to Indian and South African companies in South Africa.
Bank of Baroda South Africa boasts a strong network and a global reputation, with operations in eminent international market places.
Importers and exporters make use of the facilities to finance their international trade bills.
Their product offering includes syndicated loans, bank guarantees, letters of credit, overdraft facilities and trade finance.