Panel headed by RBI chief shortlists 11 for PSBs MD post

 As many as 11 candidates have been shortlisted by a panel headed by RBI Governor Raghuram Rajan for the post of CEO and MD of five large public sector banks, including PNB, BoB and Canara Bank.

It is expected that the Cabinet headed by Prime Minister Narendra Modi may finalise names of five successful candidates in a month or so, after requisite procedures are fulfilled, sources said.

These shortlisted names have been sent to the Finance Ministry and would be subsequently forwarded to the Appointments Committee of the Cabinet (ACC) after vigilance and other necessary clearances.

All the shortlisted candidates are from the public sector banks even though candidates from private sector banks were also called for interviews held last week.

As many as 26 candidates, including executives from private sector banks, appeared for the interview.

The shortlisted candidates include one executive director of PNB, one executive director of Bank of Baroda, one DMD of IDBI Bank and one CMD of a public sector bank.