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BBB recommends Alok Choudhary for SBI MD post

The headhunter for directors of state-owned banks and financial institution also recommended A Manimekhalai, Ajay Kumar Srivastava and Swaroop Kumar Saha for MD position of Union Bank of India, Indian Overseas Bank and Punjab & Sind Bank, respectively.

Banks Board Bureau recommends Alok Choudhary for SBI Managing Director post

Uniform accountability code for PSU bankers coming soon

Uniform accountability code for PSU bankers coming soon SECTIONS Share Synopsis Indian Banks’ Association (IBA) has formed a committee under Canara Bank executive director MV Rao to look into the nuances of staff accountability. The panel will recommend steps that will be adopted by the lenders. Gross non-performing assets (NPA) at the aggregate level improved to 7.5% at the end of September this year, from 8.5% at end of March 2020 and from 11.5% at end of March 2018, but may rise again due to the pandemic-led disruptions. INSIGHTS NSE Explore Now Public sector banks may follow a uniform practice on employee accountability for bad loans and other risk-oriented business calls to prevent potential witch-hunts in the guise of probing lapses.

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