NaMo administration on Friday cleared the appointment to the posts of MDs & CEOs of seven public sector banks which included the lateral appointment of Usha Ananthasubramanian (MD, PNB) as MD & CEO of Allahabad Bank. She will hold the charge of the new post till August 31, 2018. R Subramaniakumar, ED, Indian Overseas Bank (IOB), appointed as MD and CEO of IOB. He will hold the charge of the post till June 30, 2019. Rajkiran Rai G (ED, OBC) appointed as MD and CEO of the Union Bank of India for an initial period of three years w.e.f 01 July 2017. Based on performance histenure may be extended till his retirement on 31 May 2022. Sunil Mehta (ED, Corporation Bank) appointed MD and CEO in the Punjab National Bank in place of Usha Ananthasubramanian. Dinabandhu Mohapatra (ED, Canara Bank) replaces M O Rego, the outgoing MD & CEO of Bank of India. Rego has been shifted to Syndicate Bank as MD & CEO for a period ending 31 August 2018. R A Sankara Narayanan, the ED in Bank of India, will be the MD and CEO of Vijaya Bank.