The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, an Executive Director of Punjab National Bank, as the new Managing Director of Indian Bank. The recommendation was made after a selection process that involved 15 candidates, with the final decision still pending with the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. This move comes after the initial selection of Asheesh Pandey was rejected by the Reserve Bank of India (RBI) in April 2024. The FSIB is headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma and includes other members from various financial institutions. The recommendation is subject to the approval of the Appointments Committee, which will make the final decision on Kumar’s appointment as the Managing Director and CEO of Indian Bank.
Binod Kumar has been recommended by the FSIB for the position of Managing Director and Chief Executive Officer of Indian Bank.
by newsworm | Nov 24, 2024 | Banking, Indian Bank, Punjab National Bank, RBI