Banks Board Bureau invites applications for post of Deputy MD in Exim Bank freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
The finance ministry has moved a file to extend the tenure of three public sector banks’ managing directors, including Punjab National Bank (PNB), according to sources.
Besides, the sources said the ministry has recommended the department of personnel and training (DoPT) for extension of 10 executive directors (EDs) of various public sector banks.
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The three-year term of S. S. Mallikarjuna Rao, MD and CEO of PNB, is coming to an end on September 18 but the finance ministry has recommended extension for four months till January 31, 2022, when Rao attains his superannuation age of 60 years.
Atul Kumar Goel’s term as MD and CEO of Uco Bank has been recommended for a two-year extension beyond November 1 this year.
Finance Ministry moves file for extension of three MDs, 10 executive directors of govt-owned banks newindianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newindianexpress.com Daily Mail and Mail on Sunday newspapers.
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.
Finance Ministry recommends extension of tenure of chiefs of 3 PSBs businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.