FSIB Recommends Binod Kumar as MD & CEO of Indian Bank
| Category | Details |
|---|---|
| Why in News | FSIB recommends Binod Kumar for MD & CEO of Indian Bank, replacing S L Jain who retires next month. |
| FSIB | Financial Services Institutions Bureau, responsible for selecting directors for state-owned banks and financial institutions. |
| Binod Kumar | Current Executive Director of Punjab National Bank (PNB). |
| Indian Bank | Chennai-based public sector bank. |
| S L Jain | Current MD & CEO of Indian Bank, retiring next month. |
| RBI Concerns | RBI raised reservations about Asheesh Pandey, the initial candidate selected by FSIB. |
| Selection Process | FSIB interviewed 15 candidates before recommending Binod Kumar. |
| Final Approval | The Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi, will give final approval. |
| FSIB Leadership | Headed by Bhanu Pratap Sharma, former Secretary, Department of Personnel and Training. |