Govt Approves Extension Of BoM, Central Bank MDs' Tenure

According to sources, Appointments Committee of the Cabinet (ACC) has approved extension of term of office of A S Rajeev, MD and CEO of BoM, for six months till his superannuation

Press Trust of India

Updated on: 6 November 2023 2:37 pm

Govt Brings Cooperative Banks Under RBI Supervision Allaying Fears Of Depositors

The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India.

According to sources, Appointments Committee of the Cabinet (ACC) has approved extension of term of office of A S Rajeev, MD and CEO of BoM, for six months till his superannuation.

Besides, sources said, ACC has extended the term of M V Rao, MD and CEO of Central Bank of India, till July 31, 2025.