Appointments of 8 CMDs of PSU banks get cleared

SOURCE :Prabhakar Sinha, TNN, Sep 2, 2010, 01.03am IST

NEW DELHI: After sitting on the files for the last six months, the finance ministry on Wednesday cleared the appointments of eight CMDs and 12 executive directors of government-owned banks.


Banking secretary cleared the names of eight CMDs. Out of this, four took charge on Wednesday itself. The rest will take charge as and when the posts become vacant.

Arun Kaul, who was the executive director Central Bank, joined as CMD of UCO Bank.

 S Raman has joined as CMD of Canara Bank. Prior to this, he was executive director of Union Bank of India. R Pradeep took charge of Corporation Bank as CMD. He was working as executive director of Central Bank.

 The fourth banker who took charge on Wednesday is R Ramachandran, who joined Andhra Bank as CMD from Syndicate Bank.

Besides them, the government has also cleared the name of HSU Kamath, who will join Vijaya Bank as chairman on April 1, 2011, when the incumbent chairman will retire. Nagesh Pyadh, who is presently working as executive director of Punjab National Bank will join Oriental Bank of Commerce as CMD on January 1, 2011 after the retirement of the present CMD.

M Narendra will take the top position of Indian Overseas Bank on November 1, 2010. A S Bhattacharya has become CMD of Bank of Maharashtra.