Key positions in SBI, BoB await govt okay

Interviews for the post were held in the last week of October, in which 17 candidates appeared from both SBI and other public sector banks.

Central nod awaited on top insurance vacancies

The Appointments Committee of the Cabinet, headed by PM Modi, is learnt to have not yet cleared the names.

The appointments will be for three years.

It has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.

Bureau was assigned with the task of recommending personnel for appointment as directors in govt-owned insurance companies.

The senior Congress Party leader also lashed out at the Bharatiya Janata Party-led Centre over rising inflation prices.

The ministry's clarification comes after a leading daily questioned Kumar's appointment.

Vinod Rai said public sector banks still have a role specially in the creation of infrastructure in the country.

Applications from the eligible candidates were invited on March 20 for IFCI and IIFCL.