12 executive directors invited for interviews to select 4 PSB heads
MUMBAI: Having appointed managing directors and CEOs of five large public sector banks last month, the government has now invited 12 executive directors of state-run banks to fill the posts of heads in four smaller banks --
Corporation Bank, Andhra Bank, Indian Bank, UCO Bank for interviews on September 16.
Corporation Bankchairman and managing director S R Bansal is retiring next January, while the other three banks are already headless.
"Around 12 executive directors have been called for interviews," sources told PTI.
The executive directors called for interviews in New Delhi on September 16 are --
1. S K Kalra (Andhra Bank),
2. R K Gupta (Bank of Maharashtra),
3. R K Takkar and Trishna Guha ( Dena Bank),
4. B K Divakara (Central Bank),
5. M K Jain (Indian Bank),
6. S N Patel (Oriental Bank of Commerce),
7. Mukesh Jain (Punjab & Sind Bank),
8. Ram S Sangapure and B Rao (PNB),
9. J K Garg (UCO Bank) and
10B S Ramarao ( Vijaya Bank).
Indian Bank is headless since its chairman and managing director T M Bhasin was appointed as a Commissioner in the Central Vigilance Commission in June.
Similarly, Andhra Bank is headless after superannuation of CVR Rajendran in August who had served the bank as its chairman and managing director.
UCO Bank chairman and managing director Arun Kaul had also retired on August 31.
After appointing MDs and CEOs at five large banks -- Bank of Baroda, Punjab National Bank, Bank of India, Canara Bankand IDBI Bank -- the government had last month issued norms for selection of MDs and CEOs in the remaining 17 state-run banks.
As per the guidelines, the selection to the top job in state-run banks would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) with a remaining service period of two years.
In August, the government had appointed two private sector professionals -- P S Jayakumar (managing director and CEO of VBHC Value Homes) and Rakesh Sharma (MD and CEO of private lender Laxmivilas Bank) as MD and CEO of Bank of Baroda and Canara Bank, respectively.
It had also appointed M O Rego (Deputy MD, IDBI Bank), Kishore Kharat Piraji (Executive Director, Union Bank), and Usha Ananthasubramanian (CMD, Bhartiya Mahila Bank) as MDs and CEOs of Bank of India, IDBI Bank and Punjab National Bank, respectively.
After these five appointments, the then Financial Services Secretary Hasmukh Adhia had said heads of other PSBs would be from existing public sector banks and not private sector executives.
The post of chairman and managing director at Bharatiya Mahila Bank is vacant after Usha Ananthasubramanian joined PNB as MD and CEO.
Besides, the government has invited six deputy MDs of State Bank of India for interview for the post of Managing Director, on September 16.
The interviews are taking place to fill up the vacancy which will be created on superannuation of P Pradeep Kumar, who looks after corporate banking group, on October 31.
The six candidates include -- Praveen Kumar Gupta (MD, SBI Caps), Varsha Purandare (DMD & Chief Credit Officer), Dinesh Khara (MD, SBI Mutual Fund), Sunil Srivastava (DMD - Corporate Strategy and New Business), Shashi Kumar (DMD - Inspection & Management Audit) and M S Shastri (DMD and Chief Risk Officer).
MUMBAI: Having appointed managing directors and CEOs of five large public sector banks last month, the government has now invited 12 executive directors of state-run banks to fill the posts of heads in four smaller banks --
Corporation Bank, Andhra Bank, Indian Bank, UCO Bank for interviews on September 16.
Corporation Bankchairman and managing director S R Bansal is retiring next January, while the other three banks are already headless.
"Around 12 executive directors have been called for interviews," sources told PTI.
The executive directors called for interviews in New Delhi on September 16 are --
1. S K Kalra (Andhra Bank),
2. R K Gupta (Bank of Maharashtra),
3. R K Takkar and Trishna Guha ( Dena Bank),
4. B K Divakara (Central Bank),
5. M K Jain (Indian Bank),
6. S N Patel (Oriental Bank of Commerce),
7. Mukesh Jain (Punjab & Sind Bank),
8. Ram S Sangapure and B Rao (PNB),
9. J K Garg (UCO Bank) and
10B S Ramarao ( Vijaya Bank).
Indian Bank is headless since its chairman and managing director T M Bhasin was appointed as a Commissioner in the Central Vigilance Commission in June.
Similarly, Andhra Bank is headless after superannuation of CVR Rajendran in August who had served the bank as its chairman and managing director.
UCO Bank chairman and managing director Arun Kaul had also retired on August 31.
After appointing MDs and CEOs at five large banks -- Bank of Baroda, Punjab National Bank, Bank of India, Canara Bankand IDBI Bank -- the government had last month issued norms for selection of MDs and CEOs in the remaining 17 state-run banks.
As per the guidelines, the selection to the top job in state-run banks would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) with a remaining service period of two years.
In August, the government had appointed two private sector professionals -- P S Jayakumar (managing director and CEO of VBHC Value Homes) and Rakesh Sharma (MD and CEO of private lender Laxmivilas Bank) as MD and CEO of Bank of Baroda and Canara Bank, respectively.
It had also appointed M O Rego (Deputy MD, IDBI Bank), Kishore Kharat Piraji (Executive Director, Union Bank), and Usha Ananthasubramanian (CMD, Bhartiya Mahila Bank) as MDs and CEOs of Bank of India, IDBI Bank and Punjab National Bank, respectively.
After these five appointments, the then Financial Services Secretary Hasmukh Adhia had said heads of other PSBs would be from existing public sector banks and not private sector executives.
The post of chairman and managing director at Bharatiya Mahila Bank is vacant after Usha Ananthasubramanian joined PNB as MD and CEO.
Besides, the government has invited six deputy MDs of State Bank of India for interview for the post of Managing Director, on September 16.
The interviews are taking place to fill up the vacancy which will be created on superannuation of P Pradeep Kumar, who looks after corporate banking group, on October 31.
The six candidates include -- Praveen Kumar Gupta (MD, SBI Caps), Varsha Purandare (DMD & Chief Credit Officer), Dinesh Khara (MD, SBI Mutual Fund), Sunil Srivastava (DMD - Corporate Strategy and New Business), Shashi Kumar (DMD - Inspection & Management Audit) and M S Shastri (DMD and Chief Risk Officer).
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