Chiefs of 08 PSBs to be named by Dec 01

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Appointment of CMDs & MDs of eight Public Sector Banks are expected to take place by by December 01. Ten Executive Directors (out of 19 who appeared for interview) have been short-listed by the search panel headed by RBI Governor Raghuram Rajan for CMD positions with 08 PSBs. Finance Ministry has reportedly sent the short-listed names to the Appointment Committee of Cabinet which is all set to be approved.

Banks looking forward to find their chiefs are; PNB, Indian Overseas Bank, Canara Bank, Oriental Bank of Commerce, Bank of Baroda, United Bank of India & Syndicate Bank.

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