FSIB recommends Binod Kumar for post of Indian Bank MD & CEO

The Financial Services Institutions Bureau (FSIB) connected Saturday recommended Binod Kumar for the station of Managing Director of Chennai-based Indian Bank. Kumar, who is serving arsenic Executive Director of Punjab National Bank, volition regenerate S L Jain connected his superannuation adjacent month.

Declaring the effect of the enactment process, the FSIB -- the headhunter for directors of state-owned banks and fiscal institutions -- successful a connection said the bureau interviewed 15 candidates connected Sunday.

"Keeping successful presumption their show successful the interface, their wide acquisition and the extant parameters, the Bureau recommends Binod Kumar for the presumption of MD & CEO successful Indian Bank," it said.

Earlier successful April, the bureau had selected Asheesh Pandey for the presumption but the Reserve Bank of India (RBI) had raised immoderate preservation implicit his name.

Therefore, the bureau held a caller interrogation to take a caller idiosyncratic successful spot of Pandey. The last determination connected the FSIB proposal would beryllium taken by the appointments committee of the Cabinet headed by Prime Minister Narendra Modi.

FSIB is headed by erstwhile Department of Personnel and Training Secretary Bhanu Pratap Sharma. Other members of the headhunter are Animesh Chauhan, erstwhile president and MD of erstwhile Oriental Bank of Commerce, the RBI's erstwhile enforcement manager Deepak Singhal, and Shailendra Bhandari, ex-MD of erstwhile ING Vysya Bank.