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Modi govt appoints MDs, CEOs of 10 state-owned banks; 5 of them working as SBI’s deputy managing directors

Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively.

Edited by: India TV Business Desk, New Delhi [ Published on: September 19, 2018 20:53 IST ]
Image Source : PTI

PM Narendra modi- File pic

In a significant move, the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi, on Wednesday appointed MDs and CEOs of 10 state-owned banks.

Interestingly, five of them are working with SBI as deputy managing directors.

According to an official order, Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively.

Mahapatra and Chundru will have tenure till the date of their superannuation, i.e. May 31, 2020 and August 31, 2021, respectively, the order issued by the Personnel Ministry said. 

Three other Dy MDs of SBI -- Pallav Mohapatra, J Packirisamy and Karnam Shekhar -- have also been appointed as MD and CEO of Central Bank of India, Andhra Bank and Dena Bank, respectively. 

They all will have tenure till the date of their superannuation.

Mohapatra and Packirisamy's tenure will last till February 28, 2021. Shekhar will be the MD and CEO of Dena Bank till June 30, 2020.

Besides, S S Mallikarjuna Rao has been appointed MD and CEO of Allahabad Bank initially for a period of three years. Rao's tenure will be extendable up to the date of his superannuation, i.e. January 31, 2022, the order said.

He is the Executive Director of Syndicate Bank.

A S Rajeev, Executive Director of Indian Bank, has been named MD and CEO of Bank of Maharashtra for an initial period of three years and extendable up to two years after "review of his performance", it said. 

Atul Kumar Goel and S Harisnakar have been appointed MD and CEO in UCO Bank and Punjab & Sind Bank respectively. Goel is ED, Union Bank of India, and Harisnakar is the Executive Director of Allahabad Bank.

Ashok Kumar Pradhan will be MD and CEO of United Bank of India. He is at present the ED of the same bank. 

(With PTI inputs)

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