Based on interaction with over 20 candidates from various public sector banks the Banks Board Bureau (BBB) on 30 May 2020 recommended Ashwani Bhatia for the post of MD, SBI while Matam Venkata Rao and P P Sengupta were recommended for MD&CEO posts in Central Bank of India and Indian Overseas Bank respectively.

Subject to requisite clearances and ACC approval Bhatia will replace P K Gupta who superannuated on March 31.

M VRao is ED, Canara Bank and he will replace Central Bank of India MD Pallav Mohapatra who will retire in February next year.

Sengupta is currently DMD SBI and he will replace Indian Overseas Bank MD and CEO Karnam Sekar, who will be retiring on June 30.