Focus Merit

Government approves appointment of heads of 4 PSBs

The government approved the selection of heads of four public sector banks (PSBs) – State Bank of India (SBI), Canara Bank, Bank of Baroda and Bank of India.

The appointments committee of the Cabinet has approved the proposal of the Department of the Financial Services for appointment of Challa Sreenivasulu Setty as the MD of SBI for a period of three years. He is currently serving as the deputy MD of the SBI.

Sanjiv Chadha has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda. Chadha, who is at present Deputy Managing Director in State Bank of India, has been appointed to the new post for a period of three years.

Lingam Venkata Prabhakar, Executive Director in Punjab National Bank, will be MD and CEO in Canara Bank. His tenure, from the date of assumption of charge on or after February 1, will be till December 31, 2022.

Atanu Kumar Das has been appointed as the MD and CEO in Bank of India for a three-year term. He is at present working as the Executive Director in the same bank.