Saturday, March 14, 2015

Government approves norms to appoint MDs, CEOs of 5 State Run Banks

Government makes changes:

  • Splits post of Chairman into Managing Directors & Chief Executive Officers.
  • Allows private sector candidates to apply for MD & CEO in 'A' category banks
  • Invites application for BoB, PNB, BoI, IDBI & Canara Bank
  • Offers 3 years fixed tenure; flexible salary package to attract private sector talent
  • None of the existing Executive Directors in Public Sector Banks will be eligible to apply.

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