Fill up CMD posts at public sector banks, AIBEA writes to PM Narendra Modi

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'Fill CMD posts at public sector banks'
Vadodara, Oct 24: Bank employees body AIBEA today asked Prime Minister Narendra Modi to take steps to fill up the vacant posts of CMDs at state-run lenders including UBI, BoB and Canara Bank.

"While the Public Sector Banks have to gear up to achieve the target of reaching every section of the people, we find that many of the banks are head-less," All India Bank Employees Association (AIBEA) general secretary C H Venkatachalam has said in a letter to Prime Minister Narendra Modi.

The letter said the important post of chairman and managing director (CMD) is vacant at United Bank of India (UBI), Canara Bank, Syndicate Bank, Bank of Baroda (BoB), Indian Overseas Bank (IOB) and Oriental Bank of Commerce (OBC).

Syndicate Bank is headless after its CMD S K Jain got arrested in a cash-for-loans scam, while Archana Bhargava opted for retirement as the CMD of United Bank of India.

In the case of IOB, Canara Bank and Oriental Bank of Commerce, the top positions have been vacant following the superannuation of the CMDs, while Bank of Baroda CMD S S Mundra's transfer as the deputy governor at RBI left the position vacant.

Venkatachalam also said that some lenders like Allahabad Bank, Andhra Bank, UCO Bank and Union Bank of India have vacancies of executive directors, who form the second tier of management, and these posts too should be filled up as well.


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