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9th August 2016 Current Affairs Questions and Answers

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Government Appoints Chief of four Nationalised Banks IOB, OBC, Vijaya Bank, UBI

Government Appoints Managing Director (MD) and CEO of four Nationalised Banks IOB, OBC, Vijaya Bank, UBI. Based on the recommendations of Appointments Board chaired by the Governor, the Reserve Bank of India (RBI), the Department of Financial Services (DFS), Ministry of Finance, Government of India announced the appointment of MD & CEO of four Nationalised Banks. The appointments announced are as follows:


Sl.No.
Name of the person & present designation
Name of the Bank where appointed and designation
1.
Shri R. Koteeswaran, Executive Director, Bank of India
Indian Overseas Bank - MD & CEO
2.
Shri Animesh Chauhan, Executive Director, Bank of India
Oriental Bank of Commerce – MD & CEO
3.
Shri Kishore Kumar Sansi, Executive Director, Punjab & Sind Bank
Vijaya Bank – MD & CEO
4.
Shri P. Srinivas, Executive Director, Bank of Baroda
United Bank of India – MD & CEO

The appointment of the above MD & CEOs is for a period of three years or till the date of superannuation, whichever is earlier. In a significant departure from the past practice, the Government of India has decided to now separate the post of Chairman and MD & CEO.