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The Department of Financial Services of India has entrusted additional charge of Managing Director & CEO of Bank of India to B.P. Sharma, Executive Director of the bank.
This appointment, which follows the superannuation of Vijayalakshmi R Iyer as Chairperson & Managing Director on May 31, is for a period of three months with effect from June 8 or till further appointment of regular MD & CEO or until further order, whichever is the earliest.
BoB interim chief’s term extended by 3 months
The Government has further extended the term of Bank of Baroda’s (BoB) interim MD & CEO Ranjan Dhawan for three months.
Dhawan, the senior-most Executive Director of BoB, was given this additional charge in February.
This extension will take effect from June 8 and will be valid till the appointment of a regular MD & CEO or until further orders, BoB said in a BSE filing.
The post of a full-time MD & CEO at BoB has been lying vacant since July 2014 when the then Chairman and Managing Director S S Mundra was appointed RBI Deputy Governor.
The Finance Ministry is in the middle of finding MD & CEOs for five large public sector banks and has invited applications for the same.
It has received some 40 applications for the post of MD & CEO for Punjab National Bank, BoB, BoI, Canara Bank and IDBI Bank for a fixed term of three years.
It is learnt that the Finance Ministry might relax the eligibility criteria for the selection of MD & CEOs of these PSBs if applicants fail to pass muster with the Reserve Bank of India. - PTI
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