The Appointments Committee of the Cabinet (ACC) has authorized the appointment of Atul Kumar Goel, who is currently the Managing Director and CEO of UCO Bank, to the Punjab National Bank’s office on special assignment.
“The order will take effect from the date of assumption of the said office until 31.01.2022, and as Managing Director and Chief Executive Officer, Punjab National Bank, vice Shri Ch. S.S. Mallikarjuna Rao, with effect from 1st of February, 2022, and up to the date of his attaining the age of superannuation (i.e. 31.12.2024), or until further orders, whichever is earlier,” according to the official letter from ACC.
The ACC has also cleared name of Soma Sankara Prasad, currently Deputy Managing Director, State Bank of India, as Managing Director and Chief Executive Officer in UCO Bank, with effect from the date on which Atul Kumar Goel demits the same.
Meanwhile the Banks Board Bureau (BBB), the designated headhunter for state-owned banks and financial institutions, has invited applications for the post of managing director and chief executive director of Union Bank of India for a three-year term.
Currently Rajkiran Rai G is holding the post of MD and CEO but he is set to retire on May 2022.
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