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BBB to meet to select MD & CEO of PSU banks

BBBThe Banks Board Bureau is expected to shortlist candidates for some 30 top-level appointments in public sector banks. The Bureau is expected to meet from 13 June under the chairmanship of B.P. Sharma, who is the new head. Positions of MD and CEO will be required to be filled in 12 banks. There are also 18 vacancies of EDs, which include positions that would fall vacant during this financial year. The interviews are expected to continue for 5 to 6 days. Banks where MD & CEO positions would be required to be filled are Dena Bank, Andhra Bank, Punjab and Sind Bank, Bank of Baroda, Canara Bank, UCO Bank, Indian Bank, Syndicate Bank, Allahabad Bank, Central Bank of India, United Bank of India and Corporation Bank. EDs of banks, who have completed a year in that position and have two years remaining would be eligible for consideration for the position of MD and CEO. Most of the banks where the top positions are to be filled are now under the Prompt Corrective Action (PCA) framework of the Reserve Bank of India (RBI).

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