Govt approves extension of terms of MD-CEO of PNB, BOM and UCO Bank

Govt approves extension of terms of MD-CEO of PNB, BOM and UCO Bank

• The Appointments Committee of the Cabinet (ACC) has extended the tenure of three managing directors and chief executive officers (MDs and CEOs). These are:
  • S S Mallikarjuna Rao– MD and CEO of Punjab National Bank
  • A S Rajeev– MD and CEO of Bank of Maharashtra
  • Atul Kumar Goel- MD and CEO of UCO Bank
• Apart from this, the tenure of ten executive directors (EDs) of public sector banks has also been extended.

Points to remember:

1. Names of the MD-CEO of the banks.

Source: Business Standard