Their appointment was announced on Wednesday. The appointing committee of these 10 managing directors (MD) and CEO has been approved by the Cabinet Committee on Appointment
The Central Government has appointed the new Managing Director and Chief Executive Officer (CEO) of 10 government banks including State Bank of India. Their appointment was announced on Wednesday. Appointment of these 10 Managing Directors (MD) and CEO has been approved by the Cabinet Committee on Appointment.
Indian State Bank’s Deputy Commissioner, Mrityunjay Mahapatra and Padmaja Chundu have been appointed as the MD of Syndicate Bank and CEO of Indian Bank, respectively. In the order issued on Wednesday, it has been told that both of these tenure will continue till their retirement. This means that the two of these tenors will continue till May 31, 2020 and August 2021 respectively.
SBI’s Deputy MD Pallava Mohapatra has been elected as the MD and CEO of Central Bank of India. SBI’s second deputy MD J. Paakshani has been selected as MD and CEO of Andhra Bank. At the same time, another Deputy MD of SBI, Karanm Sekhar has been elected as the MD and CEO of Dena Bank. All these terms will also be retired.
The purpose of these banks in the hands of 5 deputy managers of the country’s largest bank is to improve their condition. Most of these banks are battling the problem of bad loans.
In addition to these, Syndicate Bank Executive Director SS Mallikarjuna Rao has been elected as MD and CEO of Allahabad Bank. His tenure will now be for 3 years. However, his tenure can be extended to his retirement.
Indian Bank Executive Director AS Rajiv has been given the command of Bank of Maharashtra’s MD and CEO. Ashok Kumar Pradhan, executive director of United Bank of India (UBI), has now been appointed MD and CEO of the bank.
Indian Bank Executive Director AS Rajiv has been elected as the MD and CEO of Bank of Maharashtra. He has been appointed on this for 3 years. After reviewing his tenure, two years can be extended.
Atul Kumar Goyal, Executive Director, UBI, will become MD and CEO of UCO Bank. s. Harishankar has been appointed as MD & CEO of Punjab & Sind Bank.