The Centre has changed its Nominee Director in four Public Sector Banks

The Centre has changed its nominee director in four public sector banks (PSBs), bringing in four Joint Secretary level officials as ‘Government nominee director’ in these banks.

The four public sector banks where the Government nominee director has been changed are Allahabad Bank, Punjab & Sind Bank, United Bank of India and Central Bank of India.

In the case of Allahabad Bank, the Centre has appointed Rajeev Ranjan, Joint Secretary in the Department of Expenditure as its nominee director in the place of Anshuman Sharma.

For Punjab & Sind Bank, S Selvakumar, Joint Secretary in Department of Economic Affairs has been appointed as Government nominee director in the place of S R Mehar, official sources said.

Sameer Kumar Khare, Joint Secretary in the Department of Economic Affairs has been appointed as Government nominee director in United Bank of India. He has come in the place of A K Dogra.

In the case of Central Bank of India, the Centre has appointed Govind Mohan, Joint Secretary in the Department of Economic Affairs as Government nominee director in the bank. He has replaced Saurabh Garg for this Board level position.

It may be recalled that the Reserve Bank of India (RBI) had recently initiated prompt corrective action (PCA) against Central Bank of India.

Leave a Reply

Your email address will not be published. Required fields are marked *