Govt appoints CMDs of five PSU banks

Tags: Knowledge
The government on Wednesday appointed chairmen and managing director of five public sector banks — Canara Bank, Union Bank, UCO Bank, Indian Overseas Bank and Corporation Bank.

Executive director, Union Bank of India, S Raman would be the new CMD of Canara Bank. Raman would be at the helm of the bank till September 2012. Canara Bank has been lying headless since AC Mahajan retired on July 31.

R Ramachandran, executive director, Syndicate Bank will be the new CMD of Andhra Bank. He would replace RS Reddy who retired from service on August 31.

PNB executive director Nagesh Pydah has been appointed as the chairman and managing director of Oriental Bank of Commerce while AS Bhattacharya, currently the executive director of Indian Bank, becomes the chairman and MD of Bank of Maharashtra.

In the latest round of appointments, two executive directors of Central Bank of India, Arun Kaul and Ramnath Pradeep would move over as CMDs of UCO Bank and Corporation Bank respectively.

While the top slot of UCO Bank has been vacant since July 7 when SK Goel moved over to take charge as CMD, India Infrastructure Finance, Corporation’s Bank former chairman, JM Garg demitted office on July 31 on superannuation.

M Narendra, executive director, Bank of India has been appointed CMD of Indian Overseas Bank. He would take over from SA Bhat who retired this month.

Canara Bank executive director HSU Kamath has become the chairman and managing director of Vijaya Bank. At the same time, as many as 12 general managers have also been promoted to executive directors. Among them, AK Bansal, the general manager of Union Bank of India, has been promoted as an executive director of Indian Overseas Bank.

In addition, N Sheshadri, RK Dubey, Ravi Chatterjee, Archana Bhargava, Rakesh Sethi and Rajiv Rishi have been appointed at executive directors of various banks.

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