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SBI: Senior executives may be made chiefs of PSU Banks

By IndianMandarins- 22 May 2018
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sbi-senior-executives-may-be-made-chiefs-of-psu-banksThe Centre is considering a proposal to reshuffle the top level at large state-run banks such as Punjab National Bank and Bank of India, wherein the CEOs at these lenders could be replaced - among others - by leading State Bank of India executives, said senior officials. Dinabandhu Mohapatra, CEO, Bank of India, is likely to join Allahabad Bank that is facing a crisis in the wake of the Nirav Modi-Mehul Choksi scam. Following the government's directive, the board of Allahabad Bank has denied Usha Ananthasubramania CEO, of executive powers, after a CBI chargesheet against her for involvement in Nirav Modi scam. According to officials tracking the development, one of the three managing directors of the SBI would be asked to join Bank of India. "Appointment of the MDs will come as surprise considering that some of them are due to retire soon, and some are considered for the deputy governor's post at the Reserve Bank of India (RBI)," said a senior official. SBI's MDs include B Sriram, P K Gupta, D K Khara and Sunil Mehta, who is heading PNB, was not named in the PNB fraud chargesheet.

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