FSIB recommends 5 chief general managers for position of EDs in PSU banks

The Financial Services Institutions Bureau (FSIB), the apex body for appointing the directors of state-owned banks and financial institutions, has recommended the elevation of five chief general managers for the post of executive director in various banks.

The FSIB interviewed 57 candidates between June 13-17 to recommend suitable names for executive directors (EDs) in public sector banks (PSBs).

Keeping in view their performance in the interface, their overall experience, and the extant parameters, the Bureau recommends five names for the panel of EDs for the year 2024-25, FSIB said in a statement.

"The names are in the order of merit. This panel will be operated in the financial year 2024-25, subject to availability of vacancies in the panel Year 2024-25," it said.

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These successful Chief General Managers (CGMs) are Beena Vaheed (Union Bank of India), Rajeeva (Punjab National Bank), S K Majumdar (Canara Bank), D Surendran (Canara Bank) and Amit Kumar Srivastava (Punjab National Bank).

The final decision on the FSIB recommendation would be made by the Appointments Committee of the Cabinet, which is chaired by Prime Minister Narendra Modi.

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