New Chairmen Appointed for BOI, IOB, and UCO Bank

The Appointments Committee of the Cabinet (ACC) has made significant appointments for the chairmanship of several prominent banks in India. Former LIC Chairman M R Kumar has been appointed as the part-time non-official Director and non-executive Chairman of the Bank of India (BOI). Mr Kumar’s appointment comes with a term of three years, during which he is expected to bring his wealth of experience to the helm of BOI.

Appointment of Srinivasan Sridhar as IOB Chairman

In another noteworthy appointment, Srinivasan Sridhar has been selected as the part-time non-official Director and non-executive Chairman of the Board of Indian Overseas Bank (IOB). Mr. Sridhar’s appointment is also for a term of three years, contingent upon his resignation from the Board of Bank of Baroda. This appointment underscores the government’s commitment to strengthening the leadership of IOB and enhancing its operational efficiency.

Appointment of Aravamudan Krishna Kumar as UCO Bank Chairman

Additionally, Aravamudan Krishna Kumar has been appointed as the part-time non-official Director and non-executive Chairman on the Board of UCO Bank. Similar to the appointments at BOI and IOB, Mr. Kumar’s tenure spans three years, subject to his resignation from the Board of Suraksha Asset Reconstruction Limited. His appointment reflects the government’s focus on bolstering the leadership of UCO Bank and driving its growth trajectory forward.

 

 

 

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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