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Winners' curse: Top bosses at PSBs see their term ending much before time

Govt has appointed 14 EDs at public-sector banks; their performance will be reviewed after three years for a two-year extension

Topics
public sector banks | Banks Board Bureau | Bank of Baroda

Manojit Saha  |  Mumbai 



ED
Illustration by Binay Sinha

The appointments committee of the cabinet (ACC), which cleared the appointment of 14 executive directors (EDs) at public-sector late evening on Monday, said these officials would be eligible for an extension of two years after completing their three-year term, provided they passed a performance review test. This means that many bankers’ career at public-sector will end much before they attain the retirement age of 60.

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First Published: Thu, March 11 2021. 13:05 IST

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