BBB recommends A Manimekhalai to MD & CEO post at Union Bank of India

Also calls for A K Choudhary's appointment as SBI managing director

The Banks Board Bureau (BBB) has recommended A Manimekhalai for the position of managing director and chief executive (MD & CEO) of Union Bank of India. She is cuurenty Executive Director at Bengaluru-based Canara Bank.

Rajkiran Rai G, the incumbent MD & CEO of Union Bank, will complete his term by May end. The government had extended his term beyond June 30, 2020.

BBB said in a Twitter message that it has also recommended Ajay Kumar Srivastava's name as MD & CEO in Chennai-based Indian Overseas Bank and Swaroop Kumar Saha for post of MD & CEO in Delhi-based Punjab & Sindh Bank.

The bureau interacted with 15 candidates from various public sector banks, based on which it made recommendations for three MD-CEO posts, keeping in mind performance during interaction, overall experience, the parameters and preferences given by them.

The three names in the reserve list are K Satyanarayana Raju, Nitesh Ranjan and Debadatta Chand.

The Government of India will take a final call on appointments and issue necessary communication.

Meanwhile, BBB said after interacting with 21 candidates in March, that it has recommended Alok Kumar Choudhary for the position of MD at State Bank of India. At present, he is looking after the finance function as deputy managing director. He was earlier chief development officer at the bank and also handled human resources management function.

Ashwini Bhatia, current MD at SBI, is moving to Sebi as a whole-time member.

Vijay M Tonse is on the reserve list for the MD post at the country's largest lender. Tonse is managing director of SBI Mutual Fund.