On 28 November 2019, the bank had set up a six-member panel to find a successor to Puri who turns 70 on 26 October 2020.
Currently also, some corporate bonds are traded on stock exchanges but a larger volumes take place in the spot market.
Small savings matter to the 'aam aadmi', the mascot of this United Progressive Alliance government. For the year ended March 2011, the small savings outstandings with the government in popular schemes like public provident fund, monthly income scheme of the post office and kisan vikas patra is Rs 7,93,440 crore.
In addition to customer-focussed IT spending, there is a need for greater IT spending by banks on internal governance and control.