Mangaluru, Nov 26, 2018: Former chairman and managing director of Bank of Baroda and Bank of Maharashtra, Mangalore Devadas Mallya passed Away at Bengaluru at the residence of his son on November 25, Sunday. He was 66 years of age and was popular as M D Mallya in banking circles. He has left behind his wife, a son and daughter.
Mallya who hailed from Mulky had done his engineering from the then KREC and later a diploma course in management from Indian Institute of Science. He began his banking career with Corporation Bank in 1976 and after a stint of 29 years in the Bank was appointed Executive Director of Oriental Bank of Commerce.
He later served the Bank of Baroda as Chairman and Managing Director from 2008 to 2012.
He served as Director of SBI from 2014 to 2017 and as an independent director of ICICI Bank. Mallya also served as Deputy Chairman of Indian Banks Association.
In 2011 He had bagged the Best Banker Award of Business India Magazine.