The Banks Board Bureau (BBB) has
been constrained to invite fresh applications for the post of Canara Bank’s MD
& CEO after a lukewarm response to its earlier invitation made in August
2018, even though the post was made open to private sector applicants. The last date for application is
January 10, 2019. The post has been vacant since
Rakesh Sharma’s term ended on July 31, 2018. In October, he was appointed the
MD & CEO of IDBI Bank. In a separate move, the
government has made executive directors of public sector banks eligible for the
managing director’s post in State Bank of India. At present, only deputy
managing directors of SBI are eligible for SBI’s MD post. “EDs of nationalised banks made
eligible for selection as MD, SBI. Earlier, DMDs of SBI were made available to
be MD in nationalised banks. Govt’s thrust to widen the top management talent
pool and sharing of experience across PSBs continues.†Rajeev Kumar, secretary,
financial services in the finance ministry, said in a tweet on Monday. Currently, SBI has four MDs, but
last year the government allowed the lender to have six MDs. The bank has to
take its board’s approval to increase the number of MDs.
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No taker for Canara Bank MD & CEO post
By IndianMandarins - 2018-12-19 12:43:32
The Banks Board Bureau (BBB) has been constrained to invite fresh applications for the post of Canara Bank’s MD & CEO after a lukewarm response to its earlier invitation made in August 2018, even though the post was made open to private sector applicants. The last date for application is January 10, 2019.
The post has been vacant since Rakesh Sharma’s term ended on July 31, 2018. In October, he was appointed the MD & CEO of IDBI Bank.
In a separate move, the government has made executive directors of public sector banks eligible for the managing director’s post in State Bank of India. At present, only deputy managing directors of SBI are eligible for SBI’s MD post.
“EDs of nationalised banks made eligible for selection as MD, SBI. Earlier, DMDs of SBI were made available to be MD in nationalised banks. Govt’s thrust to widen the top management talent pool and sharing of experience across PSBs continues.†Rajeev Kumar, secretary, financial services in the finance ministry, said in a tweet on Monday.
Currently, SBI has four MDs, but last year the government allowed the lender to have six MDs. The bank has to take its board’s approval to increase the number of MDs.
