Even as the country's first all women bank - Bharatiya Mahila Bank - will launch on November 19, the birth anniversary of former Prime Minister Indira Gandhi, the government has appointed Usha Ananthasubramanian as the first Chairman and Managing Director of the all-woman bank, the Hindu Business Line reported.
Usha Ananthasubramanian is currently an executive director at Punjab National Bank and hasover three decades of banking experience.
She is leading the core management team (comprising employees from various public-sector banks) set up to put in place by October 31 the systems and processes necessary to start the bank's operations.
The government will formally announce the name of the CEO after the Reserve Bank of India has issued the licence.
Ananthasubramanian began her career in 1982 at Bank of Baroda as a specialist officer in the planning stream.She moved to Punjab National Bank in July 2011.
She holds a dual master's degree - in statistics from the Madras University and in ancient Indian culture from the Mumbai University.
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Updated Date: Dec 20, 2014 23:57:54 IST