Government Reshuffles Top Management Of Four Nationalized Banks

[New Delhi]Government Reshuffles Top Brass Of Four Nationalized Banks By Segregation Of Chairmanship From MD
Government Of India Today Appointed MD & CEO of Four Nationalised Banks For Three Years
Based on the recommendations of Appointments Board chaired by the Governor,the Reserve Bank of India (RBI)+ the Department of Financial Services (DFS), Ministry of Finance, Government of India announced the appointment of MD & CEO of four Nationalised Banks. The appointments announced are as follows:-
Sl.No.===Name of the person & present designation=====================Name of the Bank where appointed and designation
[1]=====Shri R. Koteeswaran, Executive Director, Bank of India============Indian Overseas Bank – MD & CEO
[2]=====Shri Animesh Chauhan, Executive Director, Bank of India==========Oriental Bank of Commerce – MD & CEO
[3]=====Shri Kishore Kumar Sansi, Executive Director, Punjab & Sind Bank===Vijaya Bank – MD & CEO
[4]=====Shri P. Srinivas, Executive Director, Bank of Baroda==============United Bank of India – MD & CEO
These appointment are for a period of three years or till the date of superannuation, whichever is earlier.
In a significant departure from the past practice, the Government of India has decided to now separate the post of Chairman and MD & CEO.
Henceforward, in the new appointments of PSBs other than SBI, the Chairman will be a part time Board Member who would preside over the Board Meetings and will not be an Executive Chairman. The procedure for selection of part time Chairman would be announced shortly.
The appointment In Syndicate bank is still under consideration .
For three `A’ Category Large Banks, i.e. Bank of Baroda, Punjab National Bank and Canara Bank, the Government has decided to go for a fresh selection procedure with a view to widen the search of candidates.