NEW DELHI: The authorities has prolonged the tenure of managing director (MD) and CEO of Bank of Baroda (BoB) Sanjiv Chadha for about 5 months until June 30.
The order dated January 14, 2023 comes forward of his three-12 months tenure that ends on January 19.
The Appointments Committee of the Cabinet (ACC) has permitted the proposal of the Department of Financial Services for extending the time period of Chadha until June 30, 2023, when he attains 60 years, the retirement age, sources mentioned.
Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for administrators of state-owned banks and monetary establishments, on Saturday advisable elevation of Executive Director (ED) Debadatta Chand as managing director of Bank of Baroda.
Besides, the Bureau advisable Union Bank of India ED Rajneesh Karnatak for the place of MD & CEO in Bank of India.
The ultimate choice on the FSIB advice can be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
The Bureau in November 2022 steered the title of Okay Satyanarayana Raju for the place of MD and CEO of Canara Bank. Raju is presently Executive Director with the financial institution. Raju is probably going to get replaced by H S Ahluwalia, a basic supervisor in Indian Bank.
FSIB is headed by former secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma.
Other members of the headhunter are Animesh Chauhan, former chairman and managing director of erstwhile Oriental Bank of Commerce, RBI’s ex-govt director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Bank.
The order dated January 14, 2023 comes forward of his three-12 months tenure that ends on January 19.
The Appointments Committee of the Cabinet (ACC) has permitted the proposal of the Department of Financial Services for extending the time period of Chadha until June 30, 2023, when he attains 60 years, the retirement age, sources mentioned.
Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for administrators of state-owned banks and monetary establishments, on Saturday advisable elevation of Executive Director (ED) Debadatta Chand as managing director of Bank of Baroda.
Besides, the Bureau advisable Union Bank of India ED Rajneesh Karnatak for the place of MD & CEO in Bank of India.
The ultimate choice on the FSIB advice can be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
The Bureau in November 2022 steered the title of Okay Satyanarayana Raju for the place of MD and CEO of Canara Bank. Raju is presently Executive Director with the financial institution. Raju is probably going to get replaced by H S Ahluwalia, a basic supervisor in Indian Bank.
FSIB is headed by former secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma.
Other members of the headhunter are Animesh Chauhan, former chairman and managing director of erstwhile Oriental Bank of Commerce, RBI’s ex-govt director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Bank.
