Since Apr this year, at that spot has been vacancies for the CEO’s post service at Andhra Bank, Dena Bank and Punjab & Sind Bank. Last calendar month end, Rajeev Rishi, CEO of Central Bank of India, left the banking concern afterward completing his five-year term, spell Rakesh Sharma of Canara Bank turned 60, the retirement historic catamenia for a CEO inwards a PSU bank.
Allahabad Bank board has taken away all executive powers of the bank’s main executive officeholder Usha Ananthasubramanian, afterward the Central Bureau of Investigation named her inwards the Rs 13,700-crore Punjab National Bank-Nirav Modi fraud, spell the pune police line lately arrested Ravindra Marathe, the doc & CEO of Bank of Maharashtra for extending roughly Rs. thirty billion fraudulent lonas to Pune based DSK Group.
Bank of Baroda, Syndicate Bank and Indian Bank will lose their heads when their CEOs PS Jayakumar, Melwyn Rego together with Kishor Kharat consummate their 3 year-term past times the middle of this month.
By September end, the term of B Sriram, CEO of IDBI Bank, likewise volition come upward to an end. Similarly, PK Bajaj of United Bank together with RK Takkar of UCO Bank too would hold out ending their price this twelvemonth end.
Notably, all these banks produce got reported losses final financial twelvemonth together with the authorities demand to appoint their CEOs equally before long equally mayhap together with thus that they are given the responsibleness to gear upward the banks.
The Banks Board Bureau, an autonomous trunk of the Government of Republic of Republic of India tasked to amend the governance of Public Sector Banks, chaired past times Bhanu Pratap Sharma, has already recommended a listing of fourteen candidates for the posts of CEOs for Public Sector Banks, but the authorities has non even together with thus cleared the names for the positions.