BUSINESS

PMO clears the names of 8 bank chairmen

By Our correspondent
August 30, 2010

The Prime Minister's Office cleared the appointments of chairmen of eight nationalised banks and promotion of ten executive directors from general managers' status on Monday.

PMO over-ruled the objections from the Establishment Officer and also from the Cabinet secretariat about the status of category B and category A banks.

Earlier, 40 MPs had written to Prime Minister Manmohan Singh about the intentional delay in appointing the chairmen.

Finance Minister Pranab Mukherjee, too, held a meeting with the PM recently and briefed him on the same.

Rumours have it that some senior officers lobbied for a few Uttar Pradesh Congress leaders who wanted to grab key postings, hence the delay.

The PM asked for the details and cleared it in a single day. PMO went by the recommendations of the screening committee which selected the chairmen and EDs.
Our correspondent in New Delhi

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