Govt clears names of 20 public sector bank heads

The government today approved 20 senior-level appointments in public sector banks.

While the appointments for the post of chairman and managing director (CMD) were announced for Canara Bank, Corporation Bank, and with immediate effect, in the case of four others – Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce and Vijaya Bank – the CMDs will take over from the incumbents following their retirements over the next four months.

Out of the 12 executive directors announced today, five will fill vacancies with immediate effect, while the remaining will be promoted as and when posts are vacant.

S Raman, ED at Union Bank of India will move to as CMD, while Ramnath Pradeep will move as from Central Bank of India where he is the executive director.

Arun Kaul, Pradeep’s colleague at the Mumbai-headquartered bank, will shift to Kolkata as UCO Bank chairman and managing director. R Ramachandran, who is at present executive director at Syndicate Bank, will take over the reins at Andhra Bank.

The others who are due to take over as chiefs include A S Bhattacharya, who will move to Bank of Maharashtra as CMD, M Narendra (to Indian Overseas Bank), Nagesh Pydah (Oriental Bank of Commerce) and H S U Kamath (Vijaya Bank).

The government cleared the appointments six months after the finance ministry prepared the list of candidates.

The list, however, does not include the Punjab & Sind Bank chairman and managing director, who has been selected through a separate selection process because the candidate was expected to be a Sikh.

This, despite the fact that Finance Minister had asked his officials to ensure that jobs in state-owned banks and financial institutions be filled immediately after an incumbent moved to another assignment or superannuated.


 

Also read:
SEPT 1: Govt set to appoint eight bank chiefs, 12 executive directors

Feb 24: Govt finalises nine bank chiefs 

image
Business Standard
177 22
Business Standard

Govt clears names of 20 public sector bank heads

BS Reporter  |  New Delhi 



The government today approved 20 senior-level appointments in public sector banks.

While the appointments for the post of chairman and managing director (CMD) were announced for Canara Bank, Corporation Bank, and with immediate effect, in the case of four others – Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce and Vijaya Bank – the CMDs will take over from the incumbents following their retirements over the next four months.

Out of the 12 executive directors announced today, five will fill vacancies with immediate effect, while the remaining will be promoted as and when posts are vacant.

S Raman, ED at Union Bank of India will move to as CMD, while Ramnath Pradeep will move as from Central Bank of India where he is the executive director.

Arun Kaul, Pradeep’s colleague at the Mumbai-headquartered bank, will shift to Kolkata as UCO Bank chairman and managing director. R Ramachandran, who is at present executive director at Syndicate Bank, will take over the reins at Andhra Bank.

The others who are due to take over as chiefs include A S Bhattacharya, who will move to Bank of Maharashtra as CMD, M Narendra (to Indian Overseas Bank), Nagesh Pydah (Oriental Bank of Commerce) and H S U Kamath (Vijaya Bank).

The government cleared the appointments six months after the finance ministry prepared the list of candidates.

The list, however, does not include the Punjab & Sind Bank chairman and managing director, who has been selected through a separate selection process because the candidate was expected to be a Sikh.

This, despite the fact that Finance Minister had asked his officials to ensure that jobs in state-owned banks and financial institutions be filled immediately after an incumbent moved to another assignment or superannuated.


 

Also read:
SEPT 1: Govt set to appoint eight bank chiefs, 12 executive directors

Feb 24: Govt finalises nine bank chiefs 

RECOMMENDED FOR YOU

Govt clears names of 20 public sector bank heads

The government today approved 20 senior-level appointments in public sector banks.

The government today approved 20 senior-level appointments in public sector banks.

While the appointments for the post of chairman and managing director (CMD) were announced for Canara Bank, Corporation Bank, and with immediate effect, in the case of four others – Bank of Maharashtra, Indian Overseas Bank, Oriental Bank of Commerce and Vijaya Bank – the CMDs will take over from the incumbents following their retirements over the next four months.

Out of the 12 executive directors announced today, five will fill vacancies with immediate effect, while the remaining will be promoted as and when posts are vacant.

S Raman, ED at Union Bank of India will move to as CMD, while Ramnath Pradeep will move as from Central Bank of India where he is the executive director.

Arun Kaul, Pradeep’s colleague at the Mumbai-headquartered bank, will shift to Kolkata as UCO Bank chairman and managing director. R Ramachandran, who is at present executive director at Syndicate Bank, will take over the reins at Andhra Bank.

The others who are due to take over as chiefs include A S Bhattacharya, who will move to Bank of Maharashtra as CMD, M Narendra (to Indian Overseas Bank), Nagesh Pydah (Oriental Bank of Commerce) and H S U Kamath (Vijaya Bank).

The government cleared the appointments six months after the finance ministry prepared the list of candidates.

The list, however, does not include the Punjab & Sind Bank chairman and managing director, who has been selected through a separate selection process because the candidate was expected to be a Sikh.

This, despite the fact that Finance Minister had asked his officials to ensure that jobs in state-owned banks and financial institutions be filled immediately after an incumbent moved to another assignment or superannuated.


 

Also read:
SEPT 1: Govt set to appoint eight bank chiefs, 12 executive directors

Feb 24: Govt finalises nine bank chiefs 

image
Business Standard
177 22
Widgets Magazine

More News

Widgets Magazine

Widgets Magazine

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard