After a hiatus, top management appointments in public sector banks (PSBs) gained renewed vigour in the last few days. The Centre has not only made two non-executive chairman-level appointments, but also elevated nine General Managers to Executive Directors in various PSBs.
While former CMD of Exim Bank TCA Ranganathan has been appointed as Chairman of Indian Overseas Bank, Sunil Mehta has been appointed as non-executive chairman of Punjab National Bank. Both have been appointed for a tenure of three years. Mehta, a Fellow Chartered Accountant from the CA Institute and an alumni of Wharton School of Management, USA, is currently Chairman and Managing Director at SPM Capital Advisors Pvt Ltd.
The Centre has also elevated as many as nine General Managers to the post of Executive Directors in various public sector banks.
This hectic action on the appointments front comes at a time when there is buzz in the corridors of power that the government is gearing up to hold the next edition of ‘Gyan Sangam’ (brainstorming session between the government and top honchos of PSBs) in March. N Damodharan, General Manager, Bank of Baroda, has been elevated to the position of Executive Director in the same bank. K Swaminathan, General Manager, Indian Overseas Bank, has been appointed as Executive Director in the same bank.
Ashok Kumar Pradhan, Chief General Manager at State Bank of Bikaner & Jaipur, has been appointed as Executive Director at United Bank of India. Atanu Kumar Das, General Manager, Vijaya Bank, has been appointed as Executive Director of Bank of India.
P Ramana Murthy, General Manager, Allahabad Bank, has been appointed as Executive Director of Central Bank of India. Fareed Ahmed, General Manager, Corporation Bank, has been appointed as Executive Director at Punjab & Sind Bank.
MK Bhattacharya, Chief General Manager, State Bank of Mysore, has been appointed as Executive Director at Indian Bank. S Harishankar, Chief General Manager, State Bank of Travancore, has been appointed as Executive Director at Allahabad Bank.
The Centre has also appointed AC Rout as Executive Director at Bank of Maharashtra.