Monday, December 15, 2014

Fresh interview will be held for heads of 3 large PSU banks: Finance Ministry

THE Finance Ministry will be holding another round of interview for the top jobs at three large public sectors banks. The ministry will also invite candidates from private sector as it looks for talent from a wider pool of applicants.
There is a proposal that the interview for executive heads of category A banks could be held once again where candidates from private sector banks can also...
appear, a media report quoting sources said.
The post of Chairman and Managing Director of Bank of Baroda is vacant since July 31 while Punjab National Bank and Canara Bank are headless since October this year.
If Appointments Committee of the Cabinet (ACC) gives a go ahead on making changes in the appointment rules of the directors in public sector banks, then finance ministry will shortly issue advertisement for applications from candidates including from the private sector.
But it is highly unlikely that any one from private sector would apply for post as the pay level is quite low in PSUs.
This was evident from the recent selection process for Coal India's CMD did not see any professional from private sector expressing interest for the top job at the world's largest coal miner.
PESB ended up selecting a bureaucrat out of 12 who had applied for the top job.
The finance ministry has already sent its recommendation to Department of Personnel & Training (DoPT) for appointment of CEO and Managing Director in the five category B PSU Banks.
The finance ministry has recommended the names for the appointment head in Indian Overseas Bank, Vijaya Bank, Oriental Bank of Commerce, Syndicate Bank and United Bank of India, added the report.

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