Three state-run banks- Dena BankBSE 0.38 %, Andhra BankBSE 0.35 % and Punjab & Sind Bank- remain in the dark as the government is yet to appoint their new chiefs. In the absence of a leader tasked with the responsibility of spearheading the financial institutions, the banks have remained in a bind since January 1.
Ashwani Kumar, chairman and managing director of Dena Bank; Suresh Patel, CEO of Andhra Bank and Jatinder Bir Singh, CMD of Punjab & Sind Bank completed their respective terms on December 31, 2017.
According to two senior bank officials, RK Gupta, executive director of Bank of Maharashtra, is slated to take charge at Dena Bank, while KV Bramaji Rao, executive director of Punjab National bank is likely to head Andhra Bank. The government is yet to finalise a candidate for Punjab & Sind bank, they said, while adding that the appointment of Gupta and Roa could be announced anytime soon.
Meanwhile, the post of chairman at the Indian Banks' Association (IBA) too has fallen vacant, following the retirement of Jatinder Bir Singh. According to those in the know, Usha Ananthasubramanian, CEO of Allahabad Bank, is likely to take charge as chairperson of IBA. At present, Ananthasubramanian, MD & CEO, Allahabad Bank; MO Rego, MO Rego, CEO of Syndicate Bank; and Shyam Srinivasan, CEO of Federal Bank are the deputy chairmen at IBA.
Ashwani Kumar, chairman and managing director of Dena Bank; Suresh Patel, CEO of Andhra Bank and Jatinder Bir Singh, CMD of Punjab & Sind Bank completed their respective terms on December 31, 2017.
According to two senior bank officials, RK Gupta, executive director of Bank of Maharashtra, is slated to take charge at Dena Bank, while KV Bramaji Rao, executive director of Punjab National bank is likely to head Andhra Bank. The government is yet to finalise a candidate for Punjab & Sind bank, they said, while adding that the appointment of Gupta and Roa could be announced anytime soon.
With Dena Bank facing prompt corrective action from the Reserve Bank of India, coupled with the sharp rise in bad loans for most banks, the government would not like to keep the key post vacant," said one of the officials, who did not wish to be named.
Ashwani Kumar completed his five-year term at Dena Bank at the end of December but he would superannuate only in February. Suresh Patel, a career banker with three decades of experience at Dena Bank, is also among the candidates shortlisted for the post of deputy governor at RBI.
Ashwani Kumar completed his five-year term at Dena Bank at the end of December but he would superannuate only in February. Suresh Patel, a career banker with three decades of experience at Dena Bank, is also among the candidates shortlisted for the post of deputy governor at RBI.
Meanwhile, the post of chairman at the Indian Banks' Association (IBA) too has fallen vacant, following the retirement of Jatinder Bir Singh. According to those in the know, Usha Ananthasubramanian, CEO of Allahabad Bank, is likely to take charge as chairperson of IBA. At present, Ananthasubramanian, MD & CEO, Allahabad Bank; MO Rego, MO Rego, CEO of Syndicate Bank; and Shyam Srinivasan, CEO of Federal Bank are the deputy chairmen at IBA.
No comments:
Post a Comment