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November 09, 2015

Important : 4 Public Sector Banks got New CEOs

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Friends, we all know that Andhra Bank has appointed Suresh N. Patel as its new managing director and chief executive (MD & CEO). Apart from him the Finance Ministry has appointed chief executives for 3 more banks, namely - Indian Bank, Corporation Bank and UCO Bank.

Newly Appointed CEOs of Banks

Indian Bank : Mahesh Kumar Jain. He is currently working as the executive director of Indian Bank. He has been elevated as Managing Director & CEO of the bank. He has been appointed
for a period of three years.

Andhra Bank : Suresh N Patel. Prior to this appointment, Patel was an executive director at Oriental Bank of Commerce (OBC).

UCO Bank : Ravi Krishan Takkar. He was executive director at Dena Bank. He has now been appointed as Managing Director & CEO of UCO Bank for a period of three years.

Corporation Bank : Jai Kumar Garg. He was the Executive Director of UCO Bank. He will assume charge on or after February 1 next year.

Important Point to Note :
Earlier on 19th August, private sector bankers were appointed to head two PSBs (Bank of Baroda and Canara Bank). However, the current round of appoints of MDs and CEOs have been made from within public sector banks.

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