The centre on Monday appointed heads of three large public sector banks – Bank of Baroda, Bank of India and Canara bank for a tenure of three years.
The Appointments Committee of the Cabinet (ACC) named Sanjiv Chadha as the managing director and chief executive of Bank of Baroda, Lingam Venkat Prabhakar as MD & CEO of Canara Bank and Atanu Kumar Das as MD & CEO of Bank of India.
Chadha was earlier the deputy managing director at State bank of India in charge of SBI Capital Markets. He will be replacing P.S. Jayakumar whose term ended post his one-year extension completion in October last year.
Prabhakar was the executive director of Punjab National Bank and he will be replacing RA Sankara Narayanan who will be retiring at end of this month.
Das was the ED at Bank of India who will be elevated to the post of MD& CEO in the same bank following its vacancy since July last year.
Among the three state owned banks, Bank of Baroda has already been amalgamated with two smaller state-run banks – Dena Bank and Vijaya Bank. Canara Bank is in the process of merging Syndicate Bank with itself.