Two public sector banks have new heads. Rajkiran Rai G, who has been ED at Oriental Bank of Commerce, is the new MD and CEO of Union Bank of India in place of Arun Tiwari, who has retired from the services on 30 June. Rai started his career in 1986 as an agricultural finance officer in Central Bank of India. He will have a tenure of 3 years. Union Bank of India also has a new non-executive chairman. The appointments committee of the cabinet appointed Kewal Handa as the non-executive chairman of the bank. In the other appointment, Melwyn Rego, who was MD and CEO at Bank of India, has taken over as MD and CEO of Syndicate Bank. He was earlier with IDBI Bank as deputy MD. Rego will be heading Syndicate Bank till August 2018.
Meanwhile, the Bank Board Bureau has suggested 15 names to the government for appointment as executive directors in the public sector banks. These are Balakrishna Alse S, H. Bhasker, C.G. Chinthapalli, Govind Dongre, Kul Bhushan Jain, Rajesh Jindal, Krishnan S, Atul Kumar, Birupaksha Mishra, Debashish Mukherjee, Lingam Venkata Prabhakar, Murali Ramaswami, Matam Venkata Rao, Ajay Kumar Srivastava and Rajesh Kumar Yaduvanshi. At present, they hold positions as GMs of various public sector banks.
Rajkiran Rai G