1. Home
  2.  |  
  3. Economy Current Affairs  |  

Union Government appointed two private sector professionals to head BoB, Canara Bank

Aug 17, 2015 12:12 IST

Union Government on 14 August 2015 appointed private sector professionals, namely PS Jayakumar and Rakesh Sharma, as Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda (BoB) and Canara Bank, respectively.

This is the first time that private sector professionals were appointed to head the Public Sector Banks (PSBs). Earlier, the heads of PSBs were selected from among the state-run banks or government officers.

The announcements were made along with appointment of MD and CEO of Bank of India (BoI), IDBI Bank and Punjab National Bank (PNB).

These three executive heads are serving officials in other government-owned banks and the appointees are MO Rego, Kishore Kharat Piraji, and Usha Ananthasubramanian.  

The government also announced appointment of Non-executive chairman of 5 banks, namely Bank of Baroda, Bank of India, Canara Bank, Vijaya Bank and Indian Bank.

Besides, the government also announced that some vacancies of Non-official Directors and non executive chairman of six other PSBs will be completed in the next three months.

Now get latest Current Affairs on mobile, Download # 1  Current Affairs App

Is this article important for exams ? Yes30 People Agreed

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK