Indian government relaxes criteria for public bank chief candidates

By on 28/04/2015

The Indian government has relaxed its eligibility criteria in its hunt for chiefs of five public sector banks (PSBs), it was reported yesterday.

The Department Of Financial Services has invited applications until May 5 for the post of chief executive officers (CEOs) at Punjab National Bank (PNB), Bank of Baroda (BoB), Bank of India, Canara Bank and IDBI Bank.

It said in a recent job advert that it is looking for bank chiefs aged between 45 and 57 with at least one year of board level experience, Business Today (BT) reported.

However, it previously asked for candidates no older than 55 and with a minimum of three years of board level experience.

The overall experience requirement of 15 years in the mainstream banking remains unchanged.

Sources told BT that the government has relaxed the norms so that more candidates get a chance to apply for these posts.

Earlier this year, the department had invited applications for top posts at these five banks but could not find suitable candidates.

BoB, PNB and Canara Bank are without any full-time chiefs and executive directors have been given additional charge of the organisations, while the MDs of BoI and IDBI Bank are going to retire soon.

 

About Winnie Agbonlahor

Winnie is news editor of Global Government Forum. She previously reported for Civil Service World - the trade magazine for senior UK government officials. Originally from Germany, Winnie first came to the UK in 2006 to study a BA in Journalism & Russian at the University of Sheffield. She is bilingual in English and German, and, after spending an academic year abroad in Russia and reporting for the Moscow Times, Winnie also speaks Russian fluently.

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