The committee for the appointment of bank chairmen and managing directors (CMDs) has initiated the process of selection for the next chief of Punjab and Sindh Bank the first of ten public sector bank chiefs who are superannuating in the coming financial year.
G S Vedi,currently holding charge as CMD of Punjab and Sindh Bank,will retire on June 30. A six-member committee interviewed 10 candidates from five public sector banks for this position. The candidates were Mohan Vasant Tanksale and Nagesh Paydah of Punjab National Bank,B A Prabhakar and M Narendra of Bank of India,Jagdish Pai and H S U Kamath of Canara Bank,Ramnath Pradeep and Arun Kaul of Central Bank of India ,and S C Kalia and S Raman of Union Bank of India .
The interview was conducted by a committee comprising Reserve Bank of India deputy governor Usha Thorat,finance secretary Ashok Chawla,financial services secretary R Gopalan and Department of Personnel and Training secretary Shantanu Consul.
A month after Vedi,chiefs of Corporation Bank J M Garg and Canara Bank A C Mahajan will retire on July 31. By the end of August,Andhra Bank CMD R S Reddy,will complete his term. Bank of Maharashtra AMD Allen Pereira will retire on September 30 along with UCO Banks SK Goel.
Next in line is Indian Overseas Bank chairman S A Bhat,who will relinquish office on October 31 and Oriental Bank of Commerces T Y Prabhu who is due to retire on December 31.