3 PSB chiefs get extension

The Appointments Committee of the Cabinet (ACC) has accepted the proposal of the Department of Financial Services (DFS) to extend the tenure of three managing directors and chief executive officers (MDS and CEOS) and 10 executive directors (EDS) of public sector banks.

The three bank chiefs are S S Mallikarjuna Rao of Punjab National Bank — whose term has been extended till January 31, 2022, when he is due for superannuation — and Atul Kumar Goel of UCO Bank, and Bank of Maharashtra’s A S Rajeev, who have both got a two-year extension.

The DFS had written to the Department of Personnel and Training (DOPT) suggesting the extension of tenure of MDS and EDS of PSBS to ensure stability and continuity amid the pandemic even as the Banks Board Bureau identifies new candidates for the role of bank chiefs.

Among EDS, the appointments panel has approved a two-year extension to Bank of Baroda’s Ajay K Khurana, Canara Bank’s A Manimekhalai and P R Rajagopal of Bank of India. Tenures of Sanjay Kumar and Vijay Dube (Punjab National Bank), Gopal Singh Gusain and Manas Ranjan Biswal (Union Bank of India), Vikramaditya Singh Khichi (Bank of Baroda), Shenoy Vishwanath Vittal (Indian Bank), and Alok Srivastava (Central Bank of India) as EDS have also been approved for an extension until their age of superannuation.