Non-executive chairpersons of three PSBs appointed

New Delhi, May 24

The Finance Ministry on Thursday appointed non-executive chairpersons of Punjab and Sind Bank, Dena Bank and Central Bank of India, as part of its agenda to reform public sector banks.

Public sector banks have been plagued by mounting bad loans and massive losses. Several scams, including the $2 billion fraud at PNB, too have been unearthed in banks.

“As part of banking reforms and on recommendation of Banks Board Bureau (BBB), the government appoints Charan Singh, Anjali Bansal, and Tapan Ray as non-executive chairperson of Punjab & Sind Bank, Dena Bank and Central Bank of India, respectively,” said Financial Services Secretary Rajiv Kumar in a tweet. — PTI