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P Srinivas will be the new Managing Director (MD) & Chief Executive Officer (CEO) of United Bank of India (UBI). He will take over charge from today, December 31.
Prior to assuming charge at the Kolkata-headquartered bank, he was the Executive Director of Bank of Baroda. As the ED, Srinivas had handled major portfolios such as priority sector lending, MSME advances, credit monitoring, risk management and recoveries and investor relations.
His appointment comes nearly 11 months after the then Chairman and Managing Director, Archana Bhargava, stepped down. Bhargava had stepped down in February this year citing health reasons. However, sources maintained that it was the controversy of the bank’s spiralling non-performing assets that led to her resignation.
Source : Thehindubusinessline
Prior to assuming charge at the Kolkata-headquartered bank, he was the Executive Director of Bank of Baroda. As the ED, Srinivas had handled major portfolios such as priority sector lending, MSME advances, credit monitoring, risk management and recoveries and investor relations.
His appointment comes nearly 11 months after the then Chairman and Managing Director, Archana Bhargava, stepped down. Bhargava had stepped down in February this year citing health reasons. However, sources maintained that it was the controversy of the bank’s spiralling non-performing assets that led to her resignation.
Source : Thehindubusinessline
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