Meet new MDs, CEOs and non-executive chairmen of banks

Govt today announced appointment of new heads of five banks including two private ones

The government today announced the appointment of new heads of five banks, including two from the private sector, as part of fresh measures to improve the performance of the state-owned banks, which are struggling with rising bad loans. Here is the list of newly appointed MD, CEOs and non-executive chairmen:

Newly appointed state-owned banks’ Managing Directors and CEOs

Name of the bank	Official	Present Position	Brief Profile
Bank of Baroda	P S Jayakumar	MD/CEO, VBHC, Value homes Pvt Ltd	Formerly with Citibank, where he started his career. Has held held senior positions in Citibank India and Asia-Pacific
Bank of India	M O Rego	Deputy Managing Director, IDBI Bank	Career banker with IDBI Bank, with extensive work in currency derivatives, international banking, and treasury
Canara Bank	Rakesh Sharma	MD/CEO, Laxmi Vilas Bank Ltd	Former Chief GM at SBI. Has held various domestic and international positions at India’s largest lender
IDBI Bank	Kishore Piraji Kharat	Executive Director, Union Bank of India	Former senior executive at Bank of Baroda, where he also headed the Financial Inclusion division
Punjab National Bank	Usha Ananthasubramanian	CMD, Bhartiya Mahila Bank	Former ED of PNB. Has also had stints in Bank of Baroda and LIC. Was appointed as the first chairperson of BMB, which made India only the third country to have a bank dedicated to women

Newly appointed state-owned banks’ Non-Executive Chairmen

Name of Bank	Official	Present/Last position	Brief Profile
Bank of Baroda	Ravi Venkatesan	Independent Director, Infosys	Former head of Cummins India and Microsoft India

 

Currently also on Advisory Board of Bunge Ltd and Global Alumni Board of Harvard Business School

Bank of India G Padmanabhan Retd Executive Director, RBI In RBI, headed IT systems, Payment and Settlement Systems, and Foreign Exchange Canara Bank T N Manoharan Director, Tech Mahindra Public Health Foundation

Former President of Institute of Chartered
Accountants of India. Was also on the
board of the Insurance regulator IRDA

Vijaya Bank G Narayanan Retd Executive Director, Indian Overseas Bank

Had served as MD of Centrum Capital and Securities Trading Corp. Also headed treasury ops of Bank of India

Indian Bank T C V Subramanian Retd CMD, Exim Bank Spent a career at EXIM bank since its foundation.
Has also worked at Bank of India, IDBI