The government has appointed 10 public sector bank chiefs, including five from State Bank of India, seeking to fill up key posts, some of which have been vacant for over eight months. The list includes SBI deputy managing director Karnam Sekar as the new chief of Dena Bank, part of a three-way merger involving Bank of Baroda and Vijaya Bank.
The Centre also opted for a non-Sikh as the managing director and CEO of the Delhi-headquartered Punjab & Sind Bank, in a break from tradition. Appointing IIM Bangalore professor Charan Singh as chairman of the state-run lender, the government decided to appoint Allahabad Bank executive director S Harisankar as the Delhi-headquartered bank's managing director and chief executive. The two have been appointed for three years initially, with a possible two-year extension. Indian Bank executive director AS Rajeev, who moves to Bank of Maharashtra as its MD and CEO and Union Bank ED Atul Kumar Goel, who moves to UCO Bank MD and CEO, are two with long tenures.
Moving with appointments of five SBI deputy MDs as the heads of nationalised banks, the government has signaled that it will look for the best available talent in its bid to restructure nationalised banks. The appointments follow recommendations of the Banks Board Bureau and have been pending with the PMO for several months.
Also part of the exercise, Mrutyunjay Mahapatra moves to Syndicate Bank, Padmaja Chandru to Indian Bank, Pallav Mohapatra to Central Bank of India, and J Packirisamy to Andhra Bank. Additionally, Sundicate Bank ED SS Mallikarjun Rao has been appointed as MD and CEO of Allahabad Bank, while Ashok Kumar Pradhan, ED of United Bank of India, is being elevated in the same bank.
