The Centre on Wednesday appointed chief executives to 10 public sector banks. The banks which got new heads include Syndicate Bank, Andhra Bank, Maharashtra Bank, Indian Bank, United Bank of India, Allahabad Bank, Dena Bank and others.
After approval from the Appointments Committee of the Cabinet, the Department of Personnel and Training issued the appointment notification on Wednesday.
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Padmaja Chundru has been appointed as MD & CEO of Indian Bank, Mrutyunjay Mahapatra as MD & CEO of Syndicate Bank, and Pallav Mahapatra as MD & CEO of Central Bank of India.
All three are with the State Bank of India (SBI) as deputy managing directors and now have been promoted to head smaller public sector banks independently.
Moreover, J. Packirisamy has been moved from SBI to Andhra Bank as MD & CEO, while S.S. Mallikarjuna Rao, the executive director (ED) of Syndicate Bank, has been moved to Allahabad Bank as MD & CEO. SBI deputy MD Karnam Sekar has been moved to Dena Bank as MD & CEO.
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Executive Director of Indian Bank A.S. Rajeev has been moved to Bank of Maharashtra as MD & CEO. Similarly, Executive Director of Union Bank of India Atul Kumar Goel has been shifted to UCO Bank as MD & CEO.
S. Hari Shanker, ED of Allahabad Bank, has been moved to Punjab and Sind Bank as MD & CEO. Ashok Kumar Pradhan, ED of United Bank of India, has been elevated as MD & CEO in the same bank.
In addition, the Centre has appointed members on the board of southern, northern and eastern boards of the Reserve Bank of India. Rakesh Jain has been appointed on the southern local board , Revathy Iyer and Raghevendra Narayan Dubey on the northern local board and Sachin Chaturvedi on the eastern local board of the RBI.