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  Business   Companies  20 Sep 2018  10 public sector banks get new MDs, CEOs; 5 of them from SBI

10 public sector banks get new MDs, CEOs; 5 of them from SBI

FINANCIAL CHRONICLE
Published : Sep 20, 2018, 10:12 am IST
Updated : Sep 20, 2018, 10:12 am IST

Five of the 10 newly named MDs and CEOs are working as deputy managing directors in SBI.

MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by PM Narendra Modi.
 MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by PM Narendra Modi.

New Delhi: Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors at State Bank of India, have been appointed as MD and CEO of Syndicate Bank and Indian Bank, respectively, according to an official order issued on 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 PM 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. May 31, 2020 and August 31, 2021, respectively, the order issued by the personnel ministry said. 

 

Three other Dy MDs of SBI, Pallav Mohapatra, J Packirisamy and Karnam Shekhar, have 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, SS 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.

 

AS 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”. AK Goel and S Harisankar have been appointed MD & CEO in UCO Bank and Punjab & Sind Bank, respectively. Goel is executive director, Union Bank of India, and Harisankar is the executive director of Allahabad Bank. Ashok K Pradhan will be MD & CEO of United Bank of India. He is at present the ED of the same bank.

Tags: public sector banks, managing directors, ceo, sbi, syndicate bank
Location: India, Delhi, New Delhi