NEWS

Govt appoints executive directors at these PSU banks

Govt appoints new executive directors at Punjab National Bank, Indian Bank, Canara Bank, Bank of Maharashtra, Union Bank of India and Central Bank of India.

The government has appointed new executive directors at Punjab National Bank, Indian Bank, Canara Bank, Bank of Maharashtra, Union Bank of India, Central Bank of India and Bank of India.

The appointments have been made for a period of three years.

Prabhat Kiran, Canara Bank’s CGM, has been appointed as executive director at Bank of Maharashtra. At Canara Bank, he headed the large corporate credit wing, overseeing key credit portfolios and strategic lending operations.

At Union Bank of India, Amresh Prasad, who was serving as CGM at Punjab National Bank, has been named ED.

He has been appointed for a three-year term or until he attains the age of superannuation on 31 October 2028, or until further orders.

Prasad brings with him over 32 years of banking experience spanning branch banking, zonal offices and the head office, including expertise in corporate credit, credit review and monitoring and transaction monitoring.

The government has appointed Mini TM, chief general manager in Bank of Baroda, as executive director in Indian Bank.

Punjab National Bank CGM Sunil Kumar Chugh has been appointed as ED in Canara Bank

Amit Kumar Srivastava, group chief risk officer at PNB has been elevated as ED in the same bank.

The government has also appointed E Ratan Kumar, formerly CGM at Central Bank of India, as ED on the bank's board. His three-year term will commence from the date he assumes office or until further orders.

Kumar, who began his career with Central Bank of India in 1997, has about 35 years of diverse experience across core banking and IT functions.