FSIB, the headhunter for directors of state-owned banks and financial institutions, on Thursday recommended the name of Indian Bank executive director Ashwani Kumar for the post of managing director of UCO Bank.
Prior to joining Indian Bank, Kumar was serving as chief general manager of Mumbai Zone of Punjab National Bank (PNB).
The Financial Services Institutions Bureau (FSIB) interviewed 11 candidates from various public sector banks (PSBs) for the forthcoming positions of MD & CEO in PSBs, the Bureau said in a statement.
"Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Ashwani Kumar for the position of MD & CEO in UCO Bank vice Soma Sankara Prasad who is completing his tenure on May 31, 2023," it said.
The final decision on the FSIB recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
FSIB is headed by former secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma.
FSIB invites applications from candidates for Bank of Baroda's CEO post
UCO Bank net profit up 145% at Rs 504 cr in July-September quarter
UCO Bank Q2 net rises 145% to Rs 504 crore, gross NPA declines to 6.58%
Sonia Gandhi has last word in Cong, likely to remain so: Ashwani Kumar
UCO Bank becomes first lender to get RBI's approval for rupee trade
Parl panel recommends Environment Ministry revisit its monitoring framework
Cong, AAP accuse Chandigarh MP for using 'inappropriate' words for voters
Chandrayaan-3 spacecraft capable of handling harsh launch conditions: Isro
Aware of China funding of infra projects in countries in South Asia: Govt
IMD asks farmers to postpone harvesting due to rains across India
Other members of the headhunter are Animesh Chauhan, former chairman and MD of erstwhile Oriental Bank of Commerce, RBI's ex-executive director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Bank.
Kumar rose through ranks serving various offices of five PSBs viz. Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, PNB and Indian Bank.
His work experience includes working in wholesale banking division and as head of several branches (including Industrial Finance Branches and Licensed Commercial Banks (LCBs)).