Banks Board Bureau shortlists candidates for PSB chiefs

The candidates turned up for the day-long selection process at RBI's office in South Mumbai

The Banks Board Bureau (BBB) on Monday interviewed 10 candidates for the post of managing director and CEO for three public sector banks (PSBs) - Bank of Maharashtra, Indian Overseas Bank and United Bank of India.

The candidates turned up for the day-long selection process at the Reserve Bank of India (RBI)'s office in South Mumbai, sources said.

Executive directors of banks such as Punjab National Bank, Central Bank of India, Bank of India, Allahabad Bank, and United Bank of India, among others, appeared for the interview, sources told PTI.

BBB weighed on the suitability of each candidates and prepared a shortlist, a senior banker said. He, however, declined to name the candidates shortlisted by BBB.

The Appointments Committee of the Cabinet would take the final call on the names recommended by BBB.

This is the first instance where the BBB was engaged in picking up candidates for PSB chiefs.

It will be followed by the selection of executive directors of various public sector banks, though the process for the same is yet to begin.

Last month, BBB chairman Vinod Rai had said that while the Bureau would work on a range of issues including capital infusion and consolidation of PSBs, the immediate priority before would be the selection of senior management personnel for vacancies in PSBs.

Besides Rai as chairman, the other members include Anil Khandelwal, former chairman and managing director of Bank of Baroda; H N Sinor, former joint managing director of ICICI Bank; and Roopa Kudva, managing director of Omidyar Network India Advisors.

RBI deputy governor R Gandhi; financial services secretary Anjuly Chib Duggal; and Ameising Luikham, secretary, Department of Public Enterprises, are ex-officio members.