New Delhi: The Centre today appointed the managing director and CEO of four public sector banks, while separating the post of Chairman from the post of MD and CEO.
R. Koteeswaran, executive director of Bank of India, has been appointed the MD & CEO of Indian Overseas Bank, while Animesh Chauhan, executive director of Bank of India has been appointed MD & CEO of Oriental Bank of Commerce.
Kishore Kumar Sansi, executive director of Punjab & Sind Bank has been appointed MD & CEO of Vijaya Bank, while P. Srinivas, executive director of Bank of Baroda, has been appointed MD & CEO of United Bank of India.
The appointment of these four persons shall be for a period of three years or till the date of superannuation, whichever is earlier.
Henceforth, in the new appointments for public sector banks other than State Bank of India, the Chairman shall be a part-time board member, who would preside over the board meetings, and shall not be the Executive Chairman.
The procedure for selection of part-time chairmen of the above four public sector banks will be announced shortly.
The appointment of MD & CEO for Syndicate Bank will be decided shortly.
For three other public sector banks, Bank of Baroda, Punjab National Bank and Canara Bank, the government has decided to go in for a fresh selection procedure with a view to widen the search of candidates. The procedure will be announced shortly.
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