Prior to this, Rego was Deputy Managing Director of IDBI Bank, another government-owned lender.
"Melwyn Rego has been appointed as MD and CEO for a period of three years," the bank said in a release here.
The government today appointed MDs and Chairpersons of five state-run lenders - Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank and IDBI Bank.
At IDBI Bank, Rego had handled portfolios in various departments like infrastructure corporate group, project appraisal, debt syndication, structuring and advisory department, treasury and international banking.