Who will be the new MDs and CEOs at PSU Banks?

On 30th June 2018, Banks Board Bureau (BBB) has released a recommendation list of 14 personages for the post of Managing Directors (MDs) and Chief Executive Officers (CEOs) in Public Sector Banks. Apart from this BBB also recommended to appoint Ms. Anshula Kant as Managing Director of SBI, India’s largest PSU Bank.

Meet the new possible MDs and CEOs at PSU Banks!

Anshula Kant, a graduate in Economic Honors, is currently Deputy Managing Director and Chief Financial Officer in SBI. She joined SBI as Probationary Office in 1983 and has a banking experience of nearly four decades. BBB wants her to be the next MD of SBI.

Gopal Murli Bhagat is an Executive Director of Corporation Bank since August 2016. He previously served Bank of India with the same position.

PV Bharathi is an Executive Director of Canara Bank Limited since September 2016. She has 31 years of banking experience, mainly in the Risk Management Wing.

MK Bhattacharya and AS Rajeev are Executive Directors of Indian Bank. Mr. Bhattacharya backs a banking career as General Manager of Business Strategy as well as Risk Management. Mr. Rajeev was GM and CFO of Vijaya Bank and has expertise in managing Accounts, planning and development departments.

Atul Kumar Goel and Ashok Kumar Pradhan are EDs of Union Bank of India. Mr. Goel was CFO and CO at Allahabad Bank whereas Mr. Pradhan was Probationary Officer at State Bank of Bikaner & Jaipur.

S Harishankar is an Executive Director at Allahabad Bank. Previously he served State Bank of Travancore as Chief General Manager.

CH S S Mallikarjuna Rao is an Executive Director from Syndicate Bank. Previously he was General Manager & CFO in Oriental Bank of Commerce.

Padmaja Chandru, Mrutunjay Mohapatra, Pallav Mohapatra, J Packirisamy, Karnam Sekar and CV Nageswar are all the Executive Directors of State Bank of India. All of these banking personalities are highly talented and backs a hands-on experience in the Banking Sector.

As per BBB website, “These recommendations are based on interactions held by the Banks Board Bureau and are subject to various clearances. The Government of India will make the final decision on appointments.”

If Government of India approves this list, it may prove to be the next big reform for PSU Banks and a possible step to curb Banks’ NPAs and losses.

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