FSIB Suggests 5 Principal CEOs for ED Posts in PSU Banks

The final decision on the FSIB recommendation will be taken by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi

The Financial Services Institutions Bureau (FSIB), a company that recruits directors of state-owned banks and financial institutions, on Monday recommended the promotion of five CEOs. (Representative image)

Press Trust of India

The Financial Services Institutions Bureau (FSIB), a headhunter for directors of state-owned banks and financial institutions, on Monday recommended the appointment of five CEOs as executive directors of various banks.

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

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Considering their front-end performance, overall experience and existing parameters, the Bureau recommends five names for the ED panel for the year 2024-25, the FSIB said in a statement.

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

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“The names were given in substantive order. This panel will operate in the financial year 2024-25, subject to the availability of vacancies in the panel year 2024-25,” it said.

The final decision on the FSIB recommendation will be taken by the Government Appointments Commission, headed by Prime Minister Narendra Modi.

The FSIB is headed by former secretary of the Department of Personnel and Training (DoPT) Bhanu Pratap Sharma.

Other members of the headhunter include Animesh Chauhan, former chairman and managing director of erstwhile Oriental Bank of Commerce, former RBI executive Deepak Singhal and Shailendra Bhandari, former chief executive of erstwhile ING Vysya Bank.