Bifurcation of Top Posts in Public Sector Banks

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..... Bifurcation of Top Posts in Public Sector Banks
News and Press Release
Dated:- 25-4-2015

The Government approved the proposal to separate the posts of Chairman and Managing Directors in .....

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..... Public Sector Banks (PSBs). While the Chairman would be non-executive, Managing Director and Chief Executive Officer (MD&CEO) would be the executive head. The splitting of the posts of Chairman and Ma .....

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..... naging Director is in accordance with the international best practices. While the Chairman would give an overall policy directions to the Bank, MD&CEO would be responsible for day-to-day management of .....

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..... the Bank. The separation would bring in inappropriate checks and balances and there would be accountability at the board level as the person executing will be answerable to a board that is headed by .....

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..... a different non-executive Chairman. The Government has appointed MD&CEOs in five PSBs and the process of selection of Non-Executive Chairman in Public Sector Banks in underway. This was stated by Sh .....

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..... ri Jayant Sinha, Minister of State in Ministry of Finance in written reply to a question in the Lok Sabha.
News - Press release - PIB .....

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