New Delhi: The government has extended the tenure of the Managing Director (MD) and CEO of the company Bank of Baroda (bob) Sanjeev Chadha For about five months till June 30.
The January 14, 2023 order comes before his three-year term ends on January 19.
Sources said the Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services to extend Chadha’s tenure till June 30, 2023.
Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended the elevation of Executive Director (ED) Devdutt Chand as the Managing Director of Bank of Baroda.
In addition, the Bureau recommended Union Bank of India ED Rajneesh for the post of MD & CEO in Karnataka Bank of India.
The final decision on the recommendation of the FSIB will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
The bureau had suggested the name of K Satyanarayana Raju for the post of MD and CEO of Canara Bank in November 2022. Raju is currently the executive director of the bank. HS Ahluwalia, general manager of Indian Bank, is likely to replace Raju.
FSIB is headed by former Secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma.
other members of headhunters Animesh ChauhanFormer Chairman and Managing Director of the then Oriental Bank of Commerce, Deepak Singhal, former Executive Director of the RBI, and Shailendra BhandariFormer MD of ING Vysya Bank.
The January 14, 2023 order comes before his three-year term ends on January 19.
Sources said the Appointments Committee of the Cabinet (ACC) has approved the proposal of the Department of Financial Services to extend Chadha’s tenure till June 30, 2023.
Meanwhile, the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, on Saturday recommended the elevation of Executive Director (ED) Devdutt Chand as the Managing Director of Bank of Baroda.
In addition, the Bureau recommended Union Bank of India ED Rajneesh for the post of MD & CEO in Karnataka Bank of India.
The final decision on the recommendation of the FSIB will be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi.
The bureau had suggested the name of K Satyanarayana Raju for the post of MD and CEO of Canara Bank in November 2022. Raju is currently the executive director of the bank. HS Ahluwalia, general manager of Indian Bank, is likely to replace Raju.
FSIB is headed by former Secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma.
other members of headhunters Animesh ChauhanFormer Chairman and Managing Director of the then Oriental Bank of Commerce, Deepak Singhal, former Executive Director of the RBI, and Shailendra BhandariFormer MD of ING Vysya Bank.