Finance Ministry has appointed some of the Top executives for banking as well as different Public Sector units.
Almost nine CMDs of government-owned banks are likely to retire in financial year 2013-14. Banks including IDBI Bank, Andhra Bank, Bank of Maharashtra, Corporation Bank, Union Bank of India and Central Bank of India will soon have vacancies for the top job.
Public sector banks syndicate bank got a New CMD – Sudhir Kumar Jain, executive director of Bank of Baroda being appointed as the Chairman and Managing Director (CMD) of Syndicate Bank with tenure of five years.
The government has also appointed S B Mainak, Executive Director, Life Insurance Corporation (LIC) as Managing Director (MD), LIC from the date of taking over charge till February 29, 2016.