The Financial Services Institutions Bureau made recommendations for the successor of Bank of Baroda CEO and Managing Director Sanjiv Chadha and Bank of India chief Atanu Kumar Das on Saturday. Both are set to retire later this month, after a three-year term each.
Within hours of the Bureau’s announcement, the Department of Financial Services, Ministry of Finance, issued a release late evening on Chadha’s extension till June 30, when he turns 60. Das, too, is months away from turning 60.
In the past, at least two chiefs of nationalised banks had retired after completing their term but before touching 60:
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