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The Banks Board Bureau (BBB) will next week begin the process of identifying suitable candidates for the post of managing director in nearly a dozen state-owned banks.
For the first time in several years, Deputy MDs at SBI will appear for an interview for the post of MD.
The BBB will interview as many as 34 executive directors, deputy managing directors and other senior officials.
When asked, Financial Services Secretary Rajiv Kumar said the BBB, headed by former Secretary, Department of Personnel and Training, BP Sharma, has fixed the interview schedule. “As per the schedule, the interviews will be held over three days, beginning June 28,” he said.
There are already some vacancies at the MD level and some will be created during the course of the current fiscal year, he said, without giving any further details.
MD-level vacancies exist at a number of state-owned banks, including Dena Bank, Andhra Bank and Punjab & Sind Bank.
PCA framework
The majority of the banks where top-level vacancies are to be filled are under the RBI’s Prompt Corrective Action (PCA) framework.
For instance, the RBI had recently imposed lending and deposit restrictions on Dena Bank and Allahabad Bank.
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