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With effect from 10 March 2021Bank of India announced the appointment of Monika Kalia (Chief General Manager, Union Bank of India), Swarup Dasgupta (General Manager, Bank of India) and M Karthikeyan (General Manager, Indian Bank) as Executive Directors of Bank of India with effect from 10 March 2021. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritativ ....
The latest set of appointments, however, come with a crucial rider at least for those who have a longer run at the top the performance of these executives will be reviewed after two years. (Representative image) NEW DELHI: For long, the government has been criticised for giving short tenures to top management of public sector companies as well as in ministries and departments. Slowly, that seems to be changing. On Wednesday evening, it designated 44-year-old Nitesh Ranjan, a chief general manager at Union Bank of India, as the state-run lender’s executive director. He will be part of the bank’s top management along with Monika Kalia, 48, his counterpart at Bank of India. Ranjan can potentially spend close to 16 years on the bank’s board, and Kalia will only have a few years less, while 50-year-old Debdatta Chand can hope to spend close to a decade on the board of Bank of Baroda (BoB). ....