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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). ....

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