Sharma may head ONGC
New Delhi: The Public Enterprise Selection Board (PESB) Chairman, headed by N.K. Sinha is understood to have recommended R.S. Sharma for the top job of ONGC.

Sharma is currently the acting chairman and managing director of the company and also holds the post of director (finance). The committee has recommended the name of Najeeb Jung as second choice.
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Narayanasami takes charge as BoI chief
New Delhi: T.S. Narayanasami has taken charge as chairman and managing director of Bank of India with effect from June 4. Prior to his current assignment, Narayanasami was chairman and managing director of Indian Overseas Bank.
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Additional EDs appointed at PSBs
New Delhi: The Finance Ministry has appointed an additional executive director in each of the six public sector banks.

The PSBs where the second ED has been appointed are Punjab National Bank (PNB), Canara Bank, Bank of India (BoI), Bank of Baroda (BoB), Union Bank of India (UBI) and Central Bank of India. The Government has also appointed executive directors in Indian Bank and UCO Bank to fill in the vacancies caused by the promotion of hitherto existing EDs to the posts of chairman and managing director.

Official sources said that the six additional EDs were appointed in the wake of increased business turnover, branch network and complexities in banking transactions.

J.M. Garg, the ex-GM of Indian Bank has been appointed as ED in PNB, while T.Y. Prabhu, the ex-GM of Canara Bank, has been elevated as ED in UBI.

Albert Tauro, the ex-GM of Canara Bank, is now ED at Central Bank of India while D.L. Rawal, the ex-GM of PNB, has been promoted to the post of ED at Canara Bank. A.D. Parulkar, who was General Manager at BoB, is now ED at BoI.

Satish Gupta has moved from BoI as GM to BoB as ED while V.K. Dhingra, the ex-GM of UBI, has been appointed as ED at UCO Bank. A. Subramanian, the ex-GM of OBC, has been appointed as ED at Indian Bank.
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