Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Twenty ED rank officers to vie for CEO positions at 12 state-run banks

14 June, 2018 4:47 PM
59 0

About 40 GM candidates short-listed for 19 executive director level vacancies

With a dozen vacancies arising in the top posts of public sector banks (PSBs) in 2018-19, the Bank Board Bureau (BBB) has finally started the process of selecting the candidates.

Twenty executive director rank officers from PSBs have been called for an interview scheduled for this month. They are: S. Harisankar of Allahabad Bank, A.K. Rath of Andhra Bank, P.V. Bharathi and P. Ramana Murthy of Canara Bank, B.K. Divakara of Central Bank of India, R.S. Singh from Dena Bank, A.K. Das from Bank of India, G.M. Bhagat from Corporation Bank, A.C. Rout and R.K. Gupta from Bank of Maharashtra, M.K. Bhattacharya and A.S. Rajeev from Indian Bank, Fareed Ahmed of Punjab & Sind Bank, K. Swaminathan from Indian Overseas Bank, Charan Singh from UCO Bank, A.K. Goel from Union Bank of India, S.S. Mallikarjuna Rao, G.M. Yadwadkar of IDBI Bank, Ashok Pradhan of United Bank of India and Vijaya Bank’s Nageswara Rao.

Some of the CEO posts in PSBs like Andhra Bank, Dena Bank, Punjab and Sind Bank are already vacant. IDBI Bank’s CEO post will also remain vacant as the government has appointed M.K. Jain as the RBI deputy governor.

Moreover, Allahabad Bank’s MD & CEO Usha Ananthasubramanian’s executive powers has been withdrawn by the Board after she was named by investigation agencies in the letters of credit scam. The future of chief executives of Indian Bank and Syndicate Bank also looks uncertain as they too have been named by investigation agencies in another scam.

Also, top posts in Central Bank of India, Bank of Baroda, Corporation Bank, United Bank of India and UCO Bank will fall vacant during the course of the year, though some of them are eligible for reappointment.

About 19 executive directors’ post in many PSBs will also fall vacant. About 40 general manager rank candidates have been short-listed for the interviews. Sources said one round of interviews was conducted earlier this week.

Stand-in finance minister Piyush Goyal recently said the government plans to fill all the executive vacancies in a month. However, bankers said the process may take more time since after the BBB identifies the candidates, clearance would be required from several authorities including the Central Vigilance Commission. While the BBB selects the candidates, the final appointment is made by the government.


Share in social networks:

Comments - 0