ED appointments in PSBs gain momentum

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After filling up four posts of chiefs in state-owned banks last week, the ministry of fianance (MOF) has now initiated moves to appoint executive directors (Eds) of some public sector banks.

A number of general managers from various state-run banks, who were asked by the government to give their consent for their new posting as executive directors, gave their consent on Friday.

Some of the GMs, who gave their consent, include BA Prabhakar of Bank of Baroda, who is likely to join asd ED, Bank of India.

Asit Pal of BOB is likely to become the ED of Corporation Bank.

Similarly, M Narendra, who is currently the chief general manager (CGM) at Corporation Bank, may join BoI as ED.

Three general managers of BoI - RK Bakshi, Jagdish Pai and S Raman - are likely to take over as EDs of Bank of Baroda, Canara Bank and Union Bank of India respectively.

Apart from it, three other GMs, who had given their consent for their promotion to EDs earlier, are SC Kalia from Bank of Baroda, Sinha from Union Bank of India and Nagar from Punjab National Bank.

MG Sanghvi from Dena Bank is likely to go to Bank of Maharashtra as ED.

Moreover there will be more vacancies in the state-owned banking industry in the next few months.

The four state-run banks whose chiefs are likely to retire by the year-end, include United Bank of India, Corporation bank, Dena Bank and Central Bank of India.