The federal government has appointed Non-Official Director (NOD) on the board of those banks for 3 years.

The federal government has appointed impartial administrators on board of varied public sector banks, together with Union Financial institution of India, Punjab Nationwide Financial institution and Canara Financial institution, in keeping with regulatory filings by banks.

The federal government has appointed Non-Official Director (NOD) on the board of those banks for 3 years.

The appointment executed below the Banking Firms (Acquisition and Switch of Undertakings) Act 1970 and 1980.

Financial institution of Maharashtra in a submitting mentioned Division of Monetary Companies below Ministry of Finance dated December 21, 2021, appointed Shashank Shrivastava and Sardar Baljit Singh as NOD.

Ajay Singhal was appointed as half time non-official director on the board Financial institution of Baroda for a interval of three years whereas Nalini Padmanabhan was appointed on board of Canara Financial institution.

Pankaj Joshi and Sanjeev Kumar Singhal had been appointed on board of PNB and Suraj Srivastava on Union Financial institution’s board.

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https://www.financialexpress.com/trade/banking-finance/govt-appoints-non-official-directors-on-boards-of-various-banks/2386131/