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Govt may shuffle heads of some PSU banks, including IDBI banks

Union Cabinet's Appointments Committee, headed by PM Modi, will take the final decision

Press Trust of India  |  New Delhi 

The government is considering a proposal to shuffle the heads of some public sector lenders, including IDBI Bank, to improve their performance and resolve the issue of bad loans. "There is a proposal for swapping of MD level position in banks which is being looked into. Final decision would be taken after careful consideration," said a source. There are also talks of the CEO and managing director of IDBI Bank, Kishor Kharat, being moved to another bank. The Appointments Committee of the Union Cabinet, headed by Prime Minister Narendra Modi, will take a final decision on ...

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First Published: Sat, March 18 2017. 02:02 IST
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