Punjab & Sind Bank, IoB chiefs likely to get extended tenures soon

"Granting extension of tenures to PSB & IOB MDs is at a final stage. Both MDs have two years of services left. The final notification will come soon," said the source

The Union government is likely to extend tenures of managing directors (MDs) and chief executive officers (CEOs) of Punjab & Sind Bank and Indian Overseas Bank (IOB), said a senior government official on the condition of anonymity. While the tenure of Punjab & Sind Bank MD & CEO Swarup Kumar Saha ends on June 2, IOB’s Ajay Kumar Srivastava service concludes on December 31. 

 

“Granting extension of tenures to Punjab & Sind Bank & IOB MDs is at final stage. Both MDs have two years of service left. The final notification will come soon,” the source said. 

 

Saha took charge