Govt appoints seven executive directors for public sector banks

Many of these executives, in their early 50s, who stand to serve a full five-year term, will be eligible for extension

The government has appointed seven executive directors at various public sector banks on Thursday. These appointments are made for three years. While making the appointments, the government said these officials can get another two-year extension if they are eligible but only after a performance review.

The government has appointed Nidhu Saxena (53), a general manager in UCO Bank, as executive director in Union Bank of India, from Febraury 1, 2022, in place of Gopal Singh Gusian, one of the EDs in Union Bank, who will be retiring on January 31, 2022.

“Provided that he shall be eligible for extension of the term