Government extends tenure of 3 MD & CEOs, 10 executive directors of public sector banks

The appointments panel gave a nod of a two-year extension period for Atul Kumar Goel, MD and CEO of UCO Bank and A S Rajeev, MD and CEO of Bank of Maharashtra.

The tenure of 3 managing directors and chief executive officers (MD & CEOs) and 10 executive directors of public sector banks were extended by the appointments committee of the cabinet (ACC). The officers whose tenure received an extension were S S Mallikarjuna Rao, MD and CEO at Punjab National Bank, till January 31, 2022.

The appointments panel gave a nod of a two-year extension period for Atul Kumar Goel, MD and CEO of UCO Bank and A S Rajeev, MD and CEO of Bank of Maharashtra. ED Ajay K Khurana of Bank of Baroda, Canara Bank’s ED A Manimekhalai and Bank of India’s ED P R Rajagopal, were awarded a two tear extension period. Sanjay Kumar and Vijay Dube at Punjab National Bank, Gopal Singh Gusain and Manas Ranjan Biswal of Union Bank of India, Bank of Baroda’s  Vikramaditya Singh Khichi, Indian Bank’s Shenoy Vishwanath Vittal, and Alok Srivastava of Central Bank of India are the personnel who received extension till they attain the age of superannuation.

The finance ministry recommended the extension of work period of the respective officials (MDs and EDs) in a note to the Department of Personnel and Training (DoPT) to ascertain a continual strategy for state-owned lenders amidst the pandemic situation when the Banks Board Bureau sorts out new candidates for the position of bank chiefs.

Source Mint
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