Govt appoints 14 executive directors in state-run banks - News Summed Up

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Govt appoints 14 executive directors in state-run banks


The appointments will fill up vacancies in banks like Bank of Baroda, Union Bank of India and Punjab National Bank among others. Photo: Pradeep Gaur/MintNew Delhi: A day after appointing chiefs at 10 state-run banks, the government on Thursday appointed 14 bankers as executive directors. With this, the government has completed the exercise of appointing the top management at state-run banks, empowering these institutions to take effective decisions to curb their bad debts and stem their losses. Financial Services Secretary Rajiv Kumar said in a tweet that these appointments will take care of any vacancies arising till March 2019. The appointments will fill up vacancies in banks like Bank of Baroda, Union Bank of India and Punjab National Bank among others.


Source: Mint September 20, 2018 14:15 UTC



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