In a bid to attract talent from a wider pool, the Finance Ministry has invited private sector bankers, besides the regular public sector executives, to apply for the top job at five large state-owned lenders.
Applications are invited from eligible professionals for fixed-term three-year appointment as Managing Director and CEO the in Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank and IDBI Bank.
This is for first time in PSU banking history that the Government is inviting applications from executives working in the private sector for top post in state-run banks.
The last date for submitting applications for these posts is March 21.
The public notice was issued after the new appointment process was cleared by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister Narendra Modi, sources said.