The Hindu Business Line : 7 GMs elevated as Executive Directors of PSBs

New Delhi, Nov 7 The Government has elevated seven General Managers from various public sector banks to the post of Executive directors, filling up top level vacancies in certain banks.

Sources said that the Department of Financial Services in the Finance Ministry has issued an executive order to this effect. Those elevated to the post of an ED include Mr G. Narayanan who has now been appointed as Executive Director of Indian Overseas Bank.

Mr Narayanan is currently with Bank of India as General Manager. While Mr B.M. Mittal, who is currently with Punjab National Bank as General Manager, has been appointed as ED of UCO bank.

Mr K.K. Agarwal, who is currently with Bank of Baroda, has been appointed as ED of Allahabad Bank. Mr T.M. Bhasin would move to United Bank of India as ED. He is currently with Oriental Bank of Commerce as a General Manager. The Government has also approved the appointment of Mr Bhaskar Sen, who is currently with Union Bank of India, as Executive Director of Dena Bank.

Mr J.P. Dua who is now with Oriental Bank of Commerce as General Manager, has been appointed as ED of Allahabad Bank. Mr B.S. Vedi, who is General Manager with Punjab & Sind Bank would now move to Canara Bank as ED, sources said.

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