Appointments Committee of Cabinet Approves Criterion and Method of Selection of Managing Director and Chief Executive Officers in five Public Sector Banks; Guidelines Envisage both Governmental and Non-Governmental Candidates can Apply Who Have at Least 15 Years of Mainstream Banking Experience

Appointments Committee of Cabinet (ACC) has approved the criterion and method of selection of Managing Director and Chief Executive Officers in Five Public Sector Banks viz. Bank of Baroda, Punjab National Bank, Bank of India, Canara Bank and IDBI Bank.