RBI worried over delay in appointing heads of banks

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Expressing concern over the delay in appointing heads of three large public sector lenders, RBI Deputy Governor S S Mundra said that the central bank has urged the government to expedite the process in this regard, said the media report.

"Certainly, I am deeply worried. Three large public sector banks which fall under the category of the top four banks, are without heads. Leadership matters in our organisation for policy direction," RBI Deputy Governor S S Mundra, who himself was a commercial banker, said.

RBI worried over delay in appointing heads of banks
The government is yet to appoint heads of three 'A' category banks, namely Bank of Baroda, Punjab National Bank and Canara Bank, which have been headless for many months now, added the media report.

Last December, the government had split the post of chairman and managing director for state-run banks and appointed managing directors as well as chief executives at banks.

The four managing directors and chief executive officers appointed are P Srinivas at United Bank of India, R Koteeswaran at Indian Overseas Bank, Kishore Kumar Sansi at Vijaya Bank and Animesh Chauhan at Oriental Bank of Commerce.

Mundra said that the central bank has also asked the government to take a decision soon about appointing heads of these three large banks.

Read more about: punjab national bank, vijaya bank
Story first published: Friday, February 27, 2015, 12:50 [IST]
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