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Government Extends Tenure of Executive Directors at Five PSU Banks
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CNBC TV18•23-09-2026, 23:47
Government Extends Tenure of Executive Directors at Five PSU Banks
- •The government has extended the tenure of executive directors at UCO Bank, Canara Bank, Punjab & Sind Bank, Bank of Baroda, and Central Bank of India.
- •Vijaykumar Nivrutti Kamble (UCO Bank), Bhavendra Kumar (Canara Bank), Ravi Mehra (Punjab & Sind Bank), Lal Singh (Bank of Baroda), and Mahendra Dohare (Central Bank of India) received extensions.
- •The extensions vary, with some lasting until superannuation and others for a fixed term or until further orders.
- •All five banks reported profits in the June quarter, with Canara Bank posting the highest net profit of –4,856 crore.
- •Shares of all five public-sector banks ended higher on Wednesday following the news of the tenure extensions.
Key Questions Answered
The government extended the tenure of executive directors at five public-sector banks: UCO Bank, Canara Bank, Punjab & Sind Bank, Bank of Baroda, and the Central Bank of India.
Vijaykumar Nivrutti Kamble will continue in his post as Executive Director at UCO Bank until March 31, 2027, which marks his date of superannuation.
Shares of all five public-sector banks ended higher on Wednesday, with Canara Bank rising 2.5%, Bank of Baroda up 1%, UCO Bank gaining 1.3%, and both Punjab & Sind Bank and the Central Bank of India rising 0.8%.
