Indian Overseas Bank (IOB), Indian banks and other public sector banks are set to get new Executive Directors (EDs) with the elevation of Chief Executive Managers (CGMs) and General Managers (GMs).
CGM S of Canara Bank. Mrs has been promoted as ED of IOB, while Indian Bank GM lrran Amin Siddiqui has been appointed as ED in the same bank. Indian Bank GM M. Karthikeyan will step into Bank of India.
The Appointments Committee of the Cabinet (ACC) announced the list of 14 CGMs and GMs who were promoted as EDs of various public sector banks.
Accordingly, Swarup Kumar Saha, CGM of Punjab National Bank, has been appointed to the same bank for a period of three years. Similarly Nitesh Ranjan of Union Bank of India, Vice-Birupax Mishra of the same bank.
Devdutt Chand of PNB will go to Murali Ramaswamy, vice chairman of Bank of Baroda (BoB), while BoB’s K.K. Satyanarayana Raju will move to Canara Bank.
Monika Kalia of Union Bank of India will take up a new role at Bank of India, Lashkar Khan of Union Bank of India at UCO Bank and Rajiv Pural of Punjab National Bank at Central Bank of India.
Among general managers, Swaroop Dasgupta of Bank of India has been promoted to the same bank and Vivek Wahi of Bank of India will step into Central Bank of India.
AB Vijayakumar of Bank of India Vice President of Bank of Maharashtra Y. Nageswara Rao and Raghavendra Venkateshan will turn to Colgal, Bank of India Punjab and Sindh Bank.
Welcoming the appointments, All India Bank Employees Union (AIBEA) General Secretary CH Venkatachalam expressed disappointment that the vacancies of workers-directors and officer-directors have not been filled for six years, while the unions gave the panel of names to the government is. He hoped that these vacancies would be filled as soon as possible.