10 new EDs appointed in public sector banks

As many as 10 new executive directors (EDs) were on Friday appointed to various public sector banks. The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for appointment of 10 General Managers (GMs) as Executive Directors in the banks, an order issued by Department of Personnel and Training said.

The GMs who have been appointed as EDs are Mayank K Mehta (working in Union Bank of India to Bank Of Baroda), Dina Bandhu Mohapatra (Bank of India to Canara Bank), Vinod Kumar Kathuria and R Subramania Kumar (Punjab National Bank to Union Bank of India and Indian Bank, respectively), and Rajkiran Rai G (Central Bank of India to Oriental bank of Commerce). Besides them, Nageswaro Rao Y has been appointed as ED in Vijaya Bank. A S Rajeev, also from the same bank, has been made ED in Indian Bank, it said. Ramesh S Singh, GM in Central Bank of India, has been appointed ED in Dena Bank.

G Subramaia Iyer (Canara Bank) to UCO Bank and Sunil Mehta from Allahabad Bank to Corporation Bank, the order said. Iyer will take charge on or after February 1, the DoPT said.

All the EDs have been appointed initially for a period of three years with effect from the date of assumption of charge and extendable by two years after review of their performance or till the date of their superannuation, it said.