Govt appoints MD & CEO of Four Nationalised Banks

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Government of India announced the appointment of MD & CEO of four Nationalised Banks. The appointments announced are as follows:-

1. Shri R. Koteeswaran, Executive Director, Bank of India, Indian Overseas Bank – MD & CEO

2. Shri Animesh Chauhan, Executive Director, Central Bank, Oriental Bank of Commerce – MD & CEO

3. Shri Kishore Kumar Sansi, Executive Director, Punjab & Sind Bank, Vijaya Bank – MD & CEO

4. Shri P. Srinivas, Executive Director, Bank of Baroda, United Bank of India – MD & CEO

The appointment of the above MD & CEOs is for a period of three years or till the date of superannuation, whichever is earlier. In a significant departure from the past practice, the Government of India has decided to now separate the post of Chairman and MD & CEO.

Henceforward, in the new appointments of PSBs other than SBI, the Chairman will be a part time Board Member who would preside over the Board Meetings and will not be an Executive Chairman.  The procedure for selection of part time Chairman would be announced shortly.

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