20 hrs ago
Government Extends Executive Directors’ Tenures at Five PSU Banks
The government decided to keep some executive directors in their jobs longer.
These directors work at five government-owned banks.
The banks are UCO Bank, Canara Bank, Punjab & Sind Bank, Bank of Baroda and Central Bank of India.
The banks reported the decision in exchange filings.
The new terms do not all end at the same time.
Some last until March 2027, while others last for three years.
The filings also say some terms may continue until further orders.
The government approved tenure extensions for executive directors at five state-owned banks.
The affected lenders are UCO Bank, Canara Bank, Punjab & Sind Bank, Bank of Baroda and Central Bank of India.
The extensions were disclosed through exchange filings.
Revised tenures range from March 2027 to three years.
Some appointments may continue until further orders, according to the filings.
- Who
- The government and executive directors at UCO Bank, Canara Bank, Punjab & Sind Bank, Bank of Baroda and Central Bank of India.
- What
- Tenure extensions were approved for executive directors at five state-owned banks.
- Where
- At five state-owned lenders named in exchange filings.
- When
- The revised tenures range from March 2027 to three years or until further orders.
- Why
- The government approved the extensions; the articles do not provide a further reason.
Key facts
- Decision
- The government approved extensions for executive directors.
- Banks affected
- Five state-owned lenders.
- Banks named
- UCO Bank, Canara Bank, Punjab & Sind Bank, Bank of Baroda and Central Bank of India.
- Disclosure
- The extensions were reported through exchange filings.
- Tenure range
- From March 2027 to three years or until further orders.
Sources
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