Appointment of eight public sector bank CMDs by month-end: Sandhu

November 01, 2014 12:19 am | Updated 08:00 am IST - NEW DELHI:

G. S. Sandhu

G. S. Sandhu

After scrapping the selection of public sector bank (PSB) heads made during the previous government’s tenure, the Narendra Modi-led government will begin a fresh selection process, and is hopeful of finalising the candidates for eight PSBs within this month.

A panel, headed by RBI Governor Raghuram Rajan, would hold interviews on November 13 and November 14, Financial Services Secretary G. S. Sandhu said here on Friday. “Appointments in these eight positions will be hopefully over by November end,” he added.

Other members of the interview panel would include RBI Deputy Governor, Department of Financial Services Secretary and a few external members. The name of the candidates, once short-listed, would be sent to the Appointments Committee of Cabinet (ACC).

The vacancies include heads of Bank of Baroda, Canara Bank, IOB, Oriental Bank of Commerce, United Bank, Punjab National Bank and Syndicate Bank.

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