Three chief executives and 10 executive directors of public sector banks have got tenure extensions. The appointments committee of the cabinet (ACC) on Thursday gave its nod for the extension of terms of these senior bank executives.

The ACC has approved the extension of tenure of S S Mallikarjuna Rao, MD and CEO of Punjab National Bank, until January 31, 2022, when he is due for superannuation.

The appointments panel has also approved a two-year extension for AS Rajeev, MD and CEO of Bank of Maharashtra, as well as Atul Kumar Goel, MD and CEO of UCO Bank.

A two-year extension is provided to Bank of Baroda ED Ajay K Khurana, ED of Canara Bank A Manimekhalai and P R Rajagopal, Bank of India ED.

Terms of Sanjay Kumar and Vijay Dube (Punjab National Bank), Gopal Singh Gusain and Manas Ranjan Biswal (Union Bank of India), Vikramaditya Singh Khichi (Bank of Baroda), Shenoy Vishwanath Vittal (Indian Bank), and Alok Srivastava (Central Bank of India) as EDs have been approved for an extension until their age of superannuation.

The finance ministry had written to the Department of Personnel and Training (DoPT) suggesting the extension of tenure of these MDs and EDs to ensure stability and continuity at state-owned banks amid the pandemic.