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Banks Board Bureau Recommended Names for Chief’s of Union Bank, IOB, PSB & SBI

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Banks Board Bureau Recommended Names for Chief’s at Union Bank, IOB, PSB & SBI

The Banks Board Bureau (BBB) has recommended the names for the position of managing director (MD) and chief executive officers (CEO) at Public sector undertakings Banks(PSU Banks): the Union Bank of India(UBI), Indian Overseas Bank (IOB), Punjab and Sind Bank (PSB) and State Bank of India(SBI). 

The final appointment will be notified by the Government of India based on these recommendations. 

Recommended Appointments:

i.Union Bank of India(UBI):

A Manimekhalai, Executive Director of the Canara Bank, has been recommended for the post of MD & CEO of UBI. 

  • A Manimekhalai will succeed Rajkiran Rai G whose term as MD &CEO of UBI will complete on 31st May 2022. 

ii.Indian Overseas Bank (IOB):

Ajay Kumar Srivastava, Executive Director of IOB has been recommended for the post of MD & CEO of IOB. 

  • Ajay Kumar Srivastava, will succeed Partha Pratim Sengupta whose term will end in December 2022.

iii.Punjab and Sind Bank (PSB):

Swaroop Kumar Saha,  Executive Director of Punjab National Bank(PNB) has been recommended for the position of MD & CEO of  the PSB. 

  • Swaroop Kumar Saha will succeed S Krishnan whose term as MD & CEO of PSB will end on 31st May 2022

iv.State Bank of India(SBI):

BBB has also shortlisted Alok Kumar Choudhary, the Deputy Managing Director(Finance) of SBI, for the post of  Managing Director at SBI. 

  • He was selected as the replacement for Ashwani Bhatia, MD of SBI who appointed as the Whole time Member of the Securities and Exchange Board of India(SEBI) for a period of 3 years.

Recent Related News: 

Atul Kumar Goel was appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Punjab National Bank (PNB). The appointment comes after the approval from the Appointments Committee of the Cabinet (ACC).

About Indian Overseas Bank (IOB):

MD & CEO– Partha Pratim Sengupta
Tagline– Good People to Grow with
Headquarters– Chennai, Tamil Nadu

About Punjab and Sind Bank (PSB):

MD & CEO– S Krishnan
Tagline– Where Service is a way of life
Headquarters– New Delhi, Delhi