Panel to interview 35 candidates for ED post in PSBs tomorrow

A government-appointed selection panel would start interviews of 35 candidates tomorrow to fill vacancies of 14 Executive Directors in various public sector banks.
The interviews would start tomorrow, sources said, adding that each candidate will have to go through three sub-committees of two members each.
The sub-committees have three outside experts. These experts are former Managing Director of State Bank of India (SBI) S Viswanathan, IIM Indore Director Rishikesha T Krishnan, and former Chairperson and Managing Director of Allahbad Bank S Panse, sources said.
Besides, other three members of screening committees are Department of Financial Secretary, Additional Secretary and an RBI Deputy Governor.

The final selection of candidates would be made by the appointment board chaired by RBI Governor and it will be based on the weighted average marks given by each sub-committees to ensure objectivity and transparency.
Following shortlisting by the high level panel, the names of the candidates would be sent to Finance Minister and subsequently to the Appointments Committee of Cabinet (ACC). In the mean time, the process for vigilance and other necessary clearances would be undertaken.
Last month, the panel headed by RBI Governor Raghuram Rajan had interaction with 19 Executive Directors (EDs) for selection of head of 8 public sector banks.

The selection process for Chairman and Managing Director and EDs the public sector banks was changed following government scrapping the selections made by previous UPA regime.