The following are some of the Executive Directors (EDs) who have been appointed to public sector banks (PSBs) in India in October 2023:
Bhavendra Kumar, Chief General Manager with Canara Bank, has been appointed as ED of Canara Bank.
Rajiv Mishra, Chief General Manager with Union Bank of India, has been appointed as ED of Bank of India.
Brajesh Kumar Singh, Chief General Manager of Bank of Baroda, has been appointed as ED of Indian Bank.
Rohit Rishi, Chief General Manager in Indian Bank, will take over as ED of Bank of Maharashtra next month.
Lal Singh has been appointed as ED, Bank of Baroda.
Shiv Bajrang Singh has been appointed as ED, Indian Bank.
Mahendra Dohare has been appointed as ED, Central Bank of India.
Dhanaraj T has been appointed as ED, Indian Overseas Bank.
These appointments were made by the Union government on October 7, 2023, based on the recommendations of the Financial Services Institutions Bureau (FSIB).
The FSIB is a government body that is responsible for recommending appointments to top positions in PSBs. The FSIB’s recommendations are based on a rigorous selection process that includes interviews with candidates and assessments of their qualifications and experience.
The appointment of new EDs is important for the PSBs, as they play a key role in the Indian economy. The PSBs account for over 70% of the country’s banking assets, and they play a vital role in financing the economy’s growth.
The new EDs are expected to bring their experience and expertise to the PSBs, and help them to improve their performance and profitability. They are also expected to help the PSBs to play a more active role in the government’s initiatives to promote financial inclusion and economic growth.
