FSIB recommends Binod Kumar as new CEO of Indian Bank, following concerns over initial candidate.

The Financial Services Institutions Bureau (FSIB) recommends Binod Kumar, currently an Executive Director at Punjab National Bank, as the new Managing Director and CEO of Indian Bank. If selected, Kumar will replace S L Jain, who is retiring next month. The Cabinet's appointments committee, led by Prime Minister Narendra Modi, will make the final decision. This recommendation comes after the RBI raised concerns about the FSIB's initial candidate, Asheesh Pandey, leading to a new selection process.

November 24, 2024
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