NEW DELHI: The government has finally cleared appointment of executive directors in nine state-run banks on Wednesday.
All the appointees have been given a period of five years with effect from the date of assumption of charge or until superannuation or until further orders, whichever is earliest.
While R P Marathe, general manager with Bank of Baroda was appointed executive director of Bank of India, K Venkata Rama Moorthy, General Manager, Bank of Baroda has been elevated to the post of an Executive Director. Similarly, Kishore Piraji Kharat has been roped in as Executive Director of Union Bank of India, while Harideesh Kumar B, General Manager with Vijaya Bank, will take over as ED at Canara Bank.
It may be noted that last December, a government-appointed selection panel had interviewed 35 candidates to fill vacancies of 15 executive directors in various public sector banks.
Of those interviewed, names of 15 candidates were shortlisted and 12 were allotted banks. But a formal notification was pending. Earlier, this year after splitting the posts of CMDs at state-run banks to MDs & CEOs, the government appointed MDs and CEOs for United Bank of Inda, Oriental Bank of Commerce, Vijaya Bank and Indian Overseas Bank.
Last month, the government had also said the existing appointment methods for the top posts would be scrapped and candidates from the private sector could also be welcomed for interviews.