Fin sector may see 'facelift' this year as term of many honchos set to end

BBB starts selection process as nearly half a dozen public sector bank CEOs' term comes to an end

Starting this month, the Indian financial sector may see new faces at the top with quite a few managing directors' and chief executive officers' terms coming to end this year. In addition, Reserve Bank of India's governor and two of the deputy governor’s three-year terms end in 2021. Also, Insurance Regulatory and Development Authority of India’s Chairman Subhash Chandra Khuntia’s term ends in May. He was appointed in 2018.

Public sector banks
 

The first government-owned bank to get a new chief executive this year will be Mumbai-based Central Bank of India when Pallav Mohapatra, MD & CEO hangs up his