Cabinet committee approves seven top-level changes in various banks

The Appointments Committee of the Cabinet has approved seven top-level changes in various public sector banks. Usha Ananthasubramanian, MD, and CEO, Punjab National Bank, has been appointed as MD & CEO of Allahabad Bank. Sunil Mehta, Executive Director, Corporation Bank, has been appointed as MD & CEO of Punjab National Bank. The committee has also approved the appointment of Dinabandhu Mohapatra, Executive Director at Canara Bank, as MD and CEO of Bank of India.

G Rajkiran Rai, Executive Director at Oriental Bank of Commerce, has been appointed MD & CEO of Union Bank of India, for a period of three years with effect from July 1. R Subramaniakumar, Executive Director, Indian Overseas Bank, has been elevated as MD & CEO of the bank. RA Sankara Narayanan, ED, Bank of India, has been appointed MD & CEO of Vijaya Bank with effect from September 1. MO Rego, MD & CEO of Bank of India, has been appointed MD & CEO of Syndicate Bank with immediate effect.
Important Takeaways from above News for RBI Grade-B Exam-
  • The Appointments Committee of the Cabinet has approved seven top-level changes in various public sector banks.
  • Usha Ananthasubramanian, MD, and CEO, Punjab National Bank, has been appointed as MD & CEO of Allahabad Bank.
  • Dinabandhu Mohapatra, Executive Director at Canara Bank, as MD and CEO of Bank of India.
  • Sunil Mehta, Executive Director, Corporation Bank, has been appointed as MD & CEO of Punjab National Bank. 
  •  RA Sankara Narayanan, ED, Bank of India, has been appointed MD & CEO of Vijaya Bank with effect from September 1. 

Source- The Hindu Business Line

If you have any other takeaways, do share with us in the comment section

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