New Chairpersons Appointed For Dena Bank, Punjab & Sind Bank, Central Bank Of India
The Narendra Modi government today appointed non-executive chairpersons for three state-run banks.
Charan Singh, the RBI chair professor at the Indian Institute of Management, Bangalore, has been appointed as the non-executive chairman of Punjab & Sind Bank, Financial Services Secretary Rajiv Kumar tweeted.
Anjali Bansal, the former managing director of TPG Private Equity, has been appointed at Dena Bank, while Tapan Ray, the former corporate affairs secretary, will take charge at Central Bank of India. The three appointees will be part-time non-official directors on the boards of the three public sector banks.
This is a move towards separating the responsibility between chairman and managing directors for better functioning of public sector banks, Kumar said while announcing the fresh appointments on Thursday.
Each of the three banks where new chairpersons have been appointed are grappling with stress.
Source: https://www.bloombergquint.com/business/2018/05/24/new-chairpersons-appointed-for-dena-bank-punjab-sind-bank-central-bank-of-india