Government appoints MDs, CEOs in 10 Public sector banks

They are among 10 MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.  Mahapatra and Chundru will have tenure till the date of their superannuation, i.e. May 31, 2020 and August 31, 2021, respectively, the order issued by the Personnel Ministry said. Three other Dy MDs of SBI, Pallav Mohapatra, J Packirisamy and Karnam Shekhar, have also been appointed as MD and CEO of Central Bank of India, Andhra Bank and Dena Bank, respectively. 

They all will have tenure till the date of their superannuation. Mohapatra and Packirisamy’s tenure will last till February 28, 2021. Shekhar will be the MD and CEO of Dena Bank till June 30, 2020.

The move to appoint five deputy managing directors from SBI is being seen as the government’s effort to tap into the talent from the country’s largest lender to help other banks grappling with high non-performing assets, officials said.