S C Gupta, chairman and managing director (CMD) of Indian Overseas Bank, is likely to head Punjab National Bank once the incumbent chief SS Kohli retires by the end of this month. | |
| M Balachandran, executive director of Bank of India, is slated to be promoted as CMD in the same bank after M Venugopalan, its current CMD, retires in end April. |
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| These are two of the names that were cleared by the appointments committee of the finance ministry last week. The notifications on their appointment will be made in due course. |
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| M B N Rao, CMD of Indian Bank, is slated to take charge at Canara Bank where the top slot has been lying vacant following V P Shetty's appointment as chairman of Industrial Development Bank of India. |
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| K C Chakarbarthy, ED of Punjab National Bank, and K V Ramkrishnan, ED, Bank of Baroda, are expected to move south to fill in the top slots at Indian Overseas Bank and Indian Bank, respectively. |
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| H A Daruwalla, executive director (ED) at Oriental Bank of Commerce, is likely to head Central Bank of India. B D Narang, chief of Oriental Bank of Commerce, retires this month. K N Prithviraj, ED at United Bank of India, is likely to head Oriental Bank of Commerce. |
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| M V Nair, executive director at Dena Bank is likely to be promoted as CMD in the same bank. Here the post has been lying vacant since February when A K Khandelwal moved to Bank of Baroda as is CMD. |
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| Eight executive directors appeared for interviews on March 4. A few heads of relatively smaller banks as well as these EDs have been considered for the top posts at eight banks. |
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