ACC has approved appointments of four G Ms as Executive Directors in various banks

The Appointment Committee of Cabinet (ACC) has approved appointments of four G Ms as Executive Directors in various banks which include the appointment of Mr. Ashok Kumar Garg as the ED of Bank of Baroda. The Bank of Baroda is an Indian state-owned banking and financial services company headquartered in Vadodara (earlier known as Baroda) in Gujarat, India. It is the second largest bank in India, next to State Bank Of India. While Mr. Raj Kamal Verma has been appointed as the ED of Union Bank of India. The Union Bank of India headquartered in Mumbai, is one of the largest government-owned banks of India. The bank had 4196 branches in India as on 31 March 2016 and to add to it 4 overseas branches. 

On the other hand, the ACC has also appointed Gopal Murli Bhagat as ED of Corporation BankCorporation Bank is a public sector banking company headquartered in Mangalore, India. The bank has the pan-India presence with 8,000 functional units comprising 2200 branches, 1800+ ATMs, and 3,000 branchless banking units. While Himanshu Joshi has also been appointed as ED of Oriental Bank of Commerce. The Oriental Bank of Commerce is an India-based bank established in Lahore (then the city of British India, and currently in Pakistan), is one of the public sector banks in India. At present, the bank has it headquarter in Gurgram, Haryana, India.

So let’s discuss some questions related to this post:
1. Name all the four G Ms who have been appointed as the Executive Directors in various banks recently by the ACC?

Courtesy: PTI News


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