Top posts in lenders such as the Union Bank of India, Syndicate Bank, Allahabad Bank, will fall vacant in 2017-18. “Fourteen bankers from various public sector banks have been shortlisted for the selection,” said a top banker. Candidates who have served as an executive director in public sector banks for one year and have two years of service remaining will be eligible for selection. Unlike previous occasions, officials from public sector banks are eligible for the interview. After BJP-led government assumed power in May 2014, chairman and managing director posts in public sector banks have been separated.

Source: The Hindu March 22, 2017 19:58 UTC