“Government Greenlights Appointment of 12 Executive Directors in Public Sector Banks”
The Indian government has given the green light to the appointment of 12 Executive Directors at various public sector banks, including Union Bank of India, Bank of Baroda, Punjab National Bank, and others. These appointments come after recommendations made by the Financial Services Institutions Bureau (FSIB) earlier this year.
In a significant development, the Union government has granted approval for the appointment of 12 Executive Directors (EDs) at public sector banks (PSBs) across the country. These appointments follow recommendations made by the Financial Services Institutions Bureau (FSIB) in July 2023, where 16 candidates were suggested for ED positions in PSBs.
Here are some key appointments and details:
- Sanjay Rudra, currently serving as the General Manager at Bank of Maharashtra, will assume the role of Executive Director at Union Bank of India.
- Lal Singh, Chief General Manager at Union Bank of India, has been appointed as Executive Director of Bank of Baroda for a three-year term, with the possibility of an extension.
- Bibhu Prasad Mahapatra, Chief General Manager at Punjab National Bank, will take on the role of Executive Director at PNB.
- Shiv Bajrang Singh, Chief General Manager of Bank of India, has been named the Executive Director of Indian Bank for a three-year term.
- Ravi Mehra, General Manager at Punjab & Sind Bank, has been appointed as Executive Director at the same bank for three years.
- Rajiv Mishra, Chief General Manager at Union Bank of India, will assume the position of Executive Director at Bank of India for a three-year term.
- Bhavendra Kumar, Chief General Manager at Canara Bank, has been appointed as Executive Director of Canara Bank for a three-year period.
- Brajesh Kumar Singh, Chief General Manager at Bank of Baroda, will serve as Executive Director at Indian Bank for a three-year term.
- Rohit Rishi, Chief General Manager at Indian Bank, is set to join Bank of Maharashtra as Executive Director for three years.
- Mahendra Dohare, Chief General Manager at Punjab National Bank, will assume the role of Executive Director at Central Bank of India for three years.
- Dhanaraj T., Chief General Manager at Indian Bank, has been appointed as Executive Director at Indian Overseas Bank for three years.
- Vijaykumar Nivrutti Kamble, General Manager at Bank of Maharashtra, will take on the role of Executive Director at UCO Bank for a three-year term.
India currently boasts 12 public sector banks, each playing a crucial role in the nation’s banking sector. These appointments are expected to strengthen the leadership and management of these banks as they navigate the evolving financial landscape.
Sources By Agencies
About The Author
