Panel meets today to fill up vacant bank slots

NEW DELHI, DECEMBER 12: The appointments board is slated to meet on Monday to finalise the names for filling up vacancies at the top of th...

NEW DELHI, DECEMBER 12: The appointments board is slated to meet on Monday to finalise the names for filling up vacancies at the top of the public sector banks.

According to senior finance ministry officials, the board will discuss the names for filling up vacancies in Bank of Baroda and Canara Bank. They said that it was also expected to take stock of the forthcoming retirements at the top level in some other PSU banks and may initiate the process for shortlisting prospective candidates.

The appointments board has the banking secretary as well as the economic affairs secretary as its members. The RBI is represented on the board by Governor Bimal Jalan and deputy governor SP Talwar. Other two members on the board are former State Bank of India chairman PG Kakodkar and a management expert.

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It may be noted that Bank of Baroda (BoB) chairman-cum-managing director K Kannan and Indian Overseas Bank chief K Subramanian retired on November 30 and handed over charge to their executive directors.

Though theIndian Overseas Bank executive director RV Shastri has been elevated to the post of Chairman, the BoB chief’s post is still vacant.

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