10 nationalised banks get new MDs, CEOs

New Delhi, September 19

Mrutyunjay Mahapatra and Padmaja Chundru, both Deputy MDs in the SBI, have been appointed Managing Director (MD) and Chief Executive Officer (CEO) of Syndicate Bank and Indian Bank, respectively, according to an order issued on Wednesday.

They are among 10 MDs and CEOs of state-owned banks whose appointments were approved by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. Five of the 10 newly named MDs and CEOs are working as deputy managing directors in the SBI.

Mahapatra and Chundru will have tenure till May 31, 2020, and August 31, 2021, respectively, the order said. Three other Dy MDs of SBI — Pallav Mohapatra, J Packirisamy and Karnam Shekhar — have also been appointed MD and CEO of CBI, Andhra Bank and Dena Bank, respectively. Mohapatra and Packirisamy’s tenure will last till February 28, 2021. Shekhar will be the MD and CEO of Dena Bank till June 30, 2020.

Besides, SS Mallikarjuna Rao has been appointed MD and CEO of Allahabad Bank, for three years. His tenure will be extendable up to January 31, 2022. AS Rajeev, ED of Indian Bank, has been named MD and CEO of Bank of Maharashtra for three years and extendable up to two years. Atul Kumar Goel and S Harisnakar have been appointed MD and CEO in UCO Bank and Punjab & Sind Bank, respectively. Goel is ED, Union Bank of India, and Harisnakar is the ED of Allahabad Bank. Ashok Kumar Pradhan will be MD and CEO of the United Bank of India. — PTI