Update: Government appoints heads of 7 PSU banks(New Appointments)

PNB Managing Director Usha Ananthasubramanian has been shifted to relatively small Kolkata-based Allahabad Bank while head of Bank of India (BoI) Melwyn Rego will move to Syndicate Bank with immediate effect.


Appointments Committee of the Cabinet (ACC), headed by Prime Minister Narendra Modi, appointed Rajkiran Rai G, currently executive director of Oriental Bank of Commerce as MD and CEO of Union Bank of India for a period of three years.

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