New EDs for PSU banks

29 January 2007

Mumbai: PSU banks will soon have new executive directors on their boards as the appointments. The committee headed by the deputy governor of the Reserve Bank of India, V Leeladhar, has cleared the names of 18 general managers for the post of executive director in state-owned banks.

According to banking industry sources, of the 18 names cleared, three each are from the Bank of India, Punjab National Bank (PNB) and Oriental Bank of Commerce (OBC), while two each are from Bank of Baroda, Union Bank of India and Canara Bank. The remaining three have been selected from Indian Bank, Corporation Bank and Punjab & Sind Bank, respectively.

The list of general managers who are in line to be appointed as executive directors include G Narayanan, Narendra Prasad and SC Gupta from Bank of India, BM Mittal, DL Raval and Arun Kaul from Punjab National Bank and JP Dua, PM Basin and A Subramanian from Oriental Bank of Commerce.

The list also features general managers from Canara Bank such as SA Tauro and TY Prabhu, Bhaskar Sen and VK Dingra from Union Bank of India and Anil Parulkar and KK Agarwal from Bank of Baroda. Besides this, MG Narendra of Corporation Bank, Devender Singh of Punjab & Sind Bank and Jagmohan Garg of Indian Bank have also been selected, sources said.