New CEOs for 10 PSU banks
The government has appointed heads for 10 public sector banks. Of these, 5 are from State Bank of India. They are Mrutyunjay Mahapatra, Padmaja Chundru, Pallav Mohapatra, J. Packirisamy and Karnam Shekhar. Mahapatra, who is DMD at SBI is now the MD and CEO of Syndicate Bank, Chundru MD and CEO of Indian Bank, Mohapatra, MD and CEO at Central bank of India, Packirisamy at Andhra Bank and Karnam Shekhar at Dena Bank. Besides these, the government also appointed S.S. Mallikarjuna Rao, ED at Syndicate Bank as MD and CEO at Allahabad Bank, A.S. Rajeev, ED at Indian Bank as MD and CEO of Bank of Maharashtra, Atul Kumar Goel, ED at Union Bank of India at UCO Bank, S. Harisankar, ED at Allahabad Bank as MD and CEO at Punjab & Sind Bank and Ashok Kumar Pradhan, ED at United Bank of India as MD and CEO at the same bank. The Banks Board Bureau had earlier interviewed suitable candidates and recommended these names to the government.
The government has also appointed former Canara Bank MD and CEO Rakesh Sharma as MD and CEO of IDBI Bank. He will have an interim tenure of 6 months. He had been with Canara Bank for 3 years from September 2015 and has been holding the position of chairman in the group companies of the bank. Prior to that he was heading Lakshmi Vilas Bank.