Narendra Modi govt appoints MDs, CEOs in 10 nationalised banks; five of them from SBI
Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India (SBI), have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively,
New Delhi: Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India (SBI), have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued Wednesday.
They are among 10 MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.
Mahapatra and Chundru will have tenure till the date of their superannuation, i.e. 31 May 2020 and 31 August 2021, respectively, the order issued by the Personnel Ministry said.
Three other Dy MDs of SBI — Pallav Mohapatra, J Packirisamy and Karnam Shekhar — have also been appointed as MD and CEO of Central Bank of India, Andhra Bank and Dena Bank, respectively.
They all will have tenure till the date of their superannuation.
Mohapatra and Packirisamy's tenure will last till February 28, 2021. Shekhar will be the MD and CEO of Dena Bank till June 30, 2020.
Besides, S S Mallikarjuna Rao has been appointed MD and CEO of Allahabad Bank initially for a period of three years. Rao's tenure will be extendable up to the date of his superannuation, i.e. January 31, 2022, the order said.
He is the Executive Director of Syndicate Bank.
A S Rajeev, Executive Director of Indian Bank, has been named MD and CEO of Bank of Maharashtra for an initial period of three years and extendable up to two years after "review of his performance", it said.
Atul Kumar Goel and S Harisnakar have been appointed MD and CEO in UCO Bank and Punjab & Sind Bank respectively. Goel is ED, Union Bank of India, and Harisnakar is the Executive Director of Allahabad Bank.
Ashok Kumar Pradhan will be MD and CEO of United Bank of India. He is at present the ED of the same bank.
The entry of digital banks will lead to expansion of the credit market and credit-starved segments will get access at a right rate
So far, the bank has not notified any new exam date yet. Earlier, the SBI clerk main exam was scheduled to be conducted on 31 July
The 65-year-old businessman, meanwhile, remains on bail in the UK while a "confidential" legal matter, believed to be related to an asylum application, is resolved in connection with the unrelated extradition proceedings