Brajesh Kumar Singh is new Executive Director, Indian Bank :

By Suryafinacialinfotech -

🍒       Brajesh Kumar Singh is new Executive Director, Indian Bank : Public sector Indian Bank on Sunday said the Central government has appointed Brajesh Kumar Singh as its Executive Director for three years. Prior to taking up the new responsibility, Singh was serving Bank of Baroda as its Chief General Manager – Human Resources. "…the Central Government vide Notification No 4/1(viii) dated March 9, 2024, appointed Brajesh Kumar Singh, Chief General Manager, Bank of Baroda as Executive Director of Indian Bank for a period of three years, with effect the date of assumption of office on or after March 10, or until further orders, whichever is earlier," Indian Bank said in a BSE filing on Sunday. Singh, an agriculture graduate from Allahabad Agriculture Institute, has banking experience of over 28 years and has held various responsibilities in the Bank of Baroda including Credit Officer, Branch Head, and Regional Head. He has steered Retail Assets and Human Resource Management with his rich expertise at the Corporate Office. Singh has also served the Board of Bank of Baroda, Uttar Pradesh Gramin Bank as Director, the bank said. - moneycontrol.


🍒       RBI decision on IDBI Bank bidders soon : The Reserve Bank of India’s (RBI’s) much-awaited decision on the fit-and-proper profiles of the bidders for IDBI Bank will likely be conveyed this month to the government, a source privy to the matter said. This would pave the way for the first strategic disinvestment of a bank, with a significant government holding, immediately after a new government assumes office after the April-May general elections. The sale of IDBI Bank, formerly a public sector bank, is seen as a test case for the new public sector enterprises policy, which aims to minimise government’s presence in businesses, including banking, as the Centre feels private sector is best suited to scale up businesses, with skin in the game. Recent laudatory comments on public sector undertakings by Prime Minister Narendra Modi have strengthened the perception that the government may be rethinking its policy with regard to these firms. - 

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