Banking

New EDs roped in by public sector banks

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edIn a recent shuffling for enabling new roles and responsibilities, 10 new executive directors (EDs) have been appointed to various public sector banks. The Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services for appointment of 10 General Managers (GMs) as Executive Directors in the banks, an order issued by Department of Personnel and Training said.

The new EDs are Mayank K Mehta (working in Union Bank of India to Bank Of Baroda), Dina Bandhu Mohapatra (Bank of India to Canara Bank), Vinod Kumar Kathuria and R Subramania Kumar (Punjab National Bank to Union Bank of India and Indian Bank, respectively), and Rajkiran Rai G (Central Bank of India to Oriental bank of Commerce).

Nageswaro Rao Y has been appointed as ED in Vijaya Bank. A S Rajeev, also from the same bank, has been made ED in Indian Bank, the order said.

 All the EDs have been appointed initially for a period of three years with effect from the date of assumption of charge and extendable by two years after review of their performance or till the date of their superannuation, it said.

Ramesh S Singh, GM in Central Bank of India, has been appointed ED in Dena Bank. G Subramaia Iyer (Canara Bank) to UCO Bank and Sunil Mehta from Allahabad Bank to Corporation Bank. Iyer will take charge on or after February 1, the DoPT added.

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