Govt appoints MDs, CEOs of seven public sector banks

Despite automation, banking to see big rise in hiring

The government today appointed new managing directors and chief executive officers of seven public sector banks, which included the appointment of R Subramaniakumar as the MD and CEO of the Indian Overseas Bank (IOB).

Subramaniakumar is at present the Executive Director of the IOB. An order issued by the Department of Personnel and Training (DoPT) said he will hold the charge of the post till June 30, 2019.

The Appointments Committee of Cabinet has approved these appointments.

Rajkiran Rai G will be the new MD and CEO of the Union

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