Peo­ple Track

Banking Frontiers - - Highlights -

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

Mel­wyn Rego

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