Fourteen managers (general and chief general managers) have been appointed as executive directors (ED) in 10 public sector banks.
Key Points
- The highest numbers of these appointments were done at the Bank of India (BoI), where three new executive directors have been appointed.
- These 3 new executive directors of BoI are Swarup Dasgupta, who is currently a general manager at BoI, the other two, Monika Kalia and M. Karthikeyan, were the employees of Union Bank of India and Indian Bank, respectively.
- Central Bank of India and Punjab National Bank both have got two ED appointments, while Canara Bank, UCO Bank, Union Bank of India, Indian Overseas Bank, Indian Bank, Bank of Maharashtra, and Punjab and Sind Bank have each got one new ED.
- It was in September 2020 that the Banks Board Bureau (BBB) had recommended the names of 13 candidates for posts of executive directors in state-owned banks.
- It had also kept another six candidates on the reserve list.
- The BBB interfaced with 28 candidates from different public sector banks for 13 clear vacancies of executive directors in public sector banks (PSBs).
The bureau, which started functioning on 1 April 2016, recommends the selection of heads of public sector banks and financial institutions and helps banks in developing strategies and capital raising plans.