Appointment of managing directors at three PSBs gets govt's approval

The appointments are in line with the recommendations made by the Banks Board Bureau

The Centre has approved the appointment of managing directors (MDs) of Union Bank of India (UBI), Indian Overseas Bank (IOB), and Punjab & Sind Bank.

The Appointments Committee of the Cabinet has approved the proposal of the Department of Financial Services to appoint A Mani­mekhalai as MD and Chief Executive Officer (CEO) of UBI, Swarup Kumar Saha as MD and CEO of Punjab & Sind Bank, and Ajay Kumar Sriv­astava as MD and CEO of IOB.

Manimekhalai, currently executive director at Canara Bank, has been appointed chief of UBI for three years after the superannuation of Rajkiran Rai on May 31. Manimekhalai