Dhawan took additional charge as MD & CEO of BoB on February 27. The appointment is for a period of three months with effect from the date of issue of the Cabinet’s order (February 26, 2014) or till the date of appointment of regular incumbent or till further orders, whichever is the earliest.
Early last month, Gauri Shankar, Executive Director, was entrusted with the additional charge of Managing Director & CEO of Punjab National Bank for a period for three months with effect from the date he assumed charge (February 9, 2014) of the post or till the date of appointment of regular incumbent or till further orders, whichever is the earliest.
These temporary appointments come as the Government wants to infuse fresh blood at the top in public sector banks. It does not want to restrict the top position to only those working in public sector banks but has also thrown it open to those in the private sector.
While BoB has been headless since SS Mundra became the Reserve Bank of India Governor on July 31, 2014, PNB has been without a chief since KR Kamath demitted the office of the Chairman and Managing Director of the bank with effect from October 28, 2014 on completion of his tenure of five years.
Source : Thehindubusinessline