Tag: ak goel

Indian Banks’ Association: A K Goel elected Chairman for 2021-22

Banking & Finance

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The Managing Committee of the Indian Banks’ Association (IBA) has elected A K Goel, Managing Director & CEO, UCO Bank, as the Chairman of the Association for the term 2021-22.

The other office-bearers of the Association elected on Thursday are Dinesh Kumar Khara, Chairman,State Bank of India, L V Prabhakar, MD & CEO, Canara Bank, and Rakesh Sharma, MD & CEO, IDBI Bank Ltd as Deputy Chairmen of the Association. Madhav Nair, Country Head & CEO, Mashreqbank PSC, has been elected as Honorary Secretary of the Association, according to IBA.

IBA — set up in September 1946 – is a representative body of the management of banking in India. It is a non-profit association. IBA is managed by the managing committee and the current committee consists of one Chairman and three Deputy Chairmen and one Honorary Secretary, besides members.

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Bank Board Bureau recommends Atul Kumar Goel for PNB MD post, BFSI News, ET BFSI

Banking & Finance

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Banks Board Bureau (BBB) on Wednesday recommended Atul Kumar Goel for the post of Managing Director of Punjab National Bank.

Currently, Goel heads UCO Bank, which was removed from Prompt Corrective Action (PCA) restrictions. He will succeed SS Mallikarjuna Rao, who was recently given an extension till January 2022.

BBB interviewed 11 candidates for the post of MD and CEO of PNB – the country’s second-largest public sector lender. BBB is headed by former secretary of the Department of Personnel and Training BP Sharma.

“Keeping in view their performance at the interface, their overall experience and the extant parameters, the Bureau recommends Atul Kumar Goel for the position of MD and CEO of PNB,” BBB said in a statement.

The incoming managing director and chief executive will hold office for a term of three years from the date of entering office.

The name of the selected candidate would go for final approval to the Appointments Committee of Cabinet (ACC), headed by the Prime Minister.

The secretary of the Department of Financial Services, secretary of Department of Public Enterprises and the RBI deputy governor in charge of banking are part of BBB.

In 2016, the government approved the constitution of BBB as a body of eminent professionals and officials to make recommendations for the appointment of whole-time directors as well as non-executive chairpersons of PSBs and state-owned financial institutions.



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