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Finance Ministry suggests extending terms of CEOs, EDs at state-owned banks

The finance ministry has recommended extending the tenure of three managing directors and chief executive officers (MDs and CEOs) and 11 executive directors (EDs) of public sector banks, for up to two years or until the age of retirement, whichever is earlier, as it looks to ensure stability and continuity at state-owned lenders amid the pandemic. The Department of Financial Services (DFS), according to people in the know, has written to the Department of Personnel and Training (DoPT) suggesting the move, before the Banks Board Bureau (BBB) identifies new candidates for the role of bank chiefs. The letter, written earlier this month, recommended a tenure extension for S S Mallikarjuna Rao, MD and CEO of Punjab National Bank, until January 31, 2022, when he is due for superannuation. Rao’s term as MD and CEO is set to end on September 18 this year.

Shenoy vishwanath vittalAjayk khuranaVijay dubeVikramaditya singh khichiAlok srivastavaGopal singh gusainManas ranjan biswalSs mallikarjuna raoKumar goelSanjay kumarShanti lal jainBanks board bureauCentral bankCanara bankEds of union bankDepartment of personnel

Finance Ministry moves file for term extension of 3 MDs, 10 EDs of PSU banks

Finance Ministry moves file for term extension of 3 MDs, 10 EDs of PSU banks
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Ss mallikarjuna raoKumar goelIndian bankPunjab national bankDepartment of personnelஸ் மல்லிகார்ஜுனா ராவ்குமார் கோயல்இந்தியன் வங்கிபஞ்சாப் தேசிய வங்கிதுறை ஆஃப் பணியாளர்கள்

Cabinet ready to clear bad bank proposal with government guarantee of Rs 31,000 crore

The Union Cabinet is likely to clear the proposal to set up a bad bank National Asset Reconstruction Company Limited (NARCL) with a government guarantee of about Rs 31,000 crore. Sources said the proposal, announced in the budget, could be taken up at the meeting of the council of ministers this week as the plan is to start work on the formal structures of the bank from next month. Advertisement They said the actual transfer of NPAs from the banks to NARCL would take place by the end of this fiscal. Banks have reviewed 101 non-performing assets (NPAs) in the first phase and now plan to transfer 22 accounts amounting to roughly Rs 89,000 crore to the bad bank.

Nirmala sitharamanSs mallikarjuna raoIndian banks associationPunjab national bankNational bankMallikarjuna raoஸ் மல்லிகார்ஜுனா ராவ்இந்தியன் வங்கிகள் சங்கம்பஞ்சாப் தேசிய வங்கிதேசிய வங்கிமல்லிகார்ஜுனா ராவ்

BBB invites applications for PNB MD & CEO post - The Hindu BusinessLine

BBB invites applications for PNB MD & CEO post - The Hindu BusinessLine
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Uttar pradeshSs mallikarjuna raoAllahabad bankBanks board bureauPunjab national bankUnited bankManaging directorOriental bankஉத்தர் பிரதேஷ்ஸ் மல்லிகார்ஜுனா ராவ்அலகாபாத் வங்கிவங்கிகள் பலகை பணியகம்பஞ்சாப் தேசிய வங்கிஒன்றுபட்டது வங்கிநிர்வகித்தல் இயக்குனர்ஓரியெஂடல் வங்கி

Punjab National Bank to pick up stake in bad bank

Tags ₹8,000 cr. for 1st-tranche transfer

Ss mallikarjuna raoPunjab national bankNational asset reconstruction company ltdKingfisher airlinesNational asset reconstruction companyMoney laundering actProposed bad bank for resolutionஸ் மல்லிகார்ஜுனா ராவ்பஞ்சாப் தேசிய வங்கிதேசிய சொத்து புனரமைப்பு நிறுவனம் லிமிடெட்கிஂக்‌ஃபிஶர் விமான நிறுவனங்கள்தேசிய சொத்து புனரமைப்பு நிறுவனம்பணம் சலவை நாடகம்