• Quotes

  • NAVs

  • News

  • Messages

  • Opinions

  • Notices

  • Videos
Search: Messages    Stock    Boarder
 
Post a Message | Explore Forums  |  Browse Stock Messages  |  Hot Discussions  | Top rated Messages  | Top Boarders
Ads by Google
Moneycontrol.com >> Messageboard >> Stocks >> PNB >> Appointment of IAS Officers as CMDs of PSBs
   You are here :     Moneycontrol     MMB    Stocks      PNB                         Most active discussions of 2006 , 2007 & 2008
Appointment of IAS Officers as CMDs of PSBs (16)   30-Aug-09 19:08Track this thread   Tracked by (0)  
Posted by:   chchch on ( 30-Aug-09 19:08 )
Rating     
Price : BSE: Rs 679.50 ( 2.53 % ), NSE: Rs. 678.40 ( 2.45 % )
As per news reports, the Govt. had short-listed Punjab and Sind Bank chairman R.P. Singh and Allahabad Bank chairman K.R. Kamath to head Delhi-based Punjab National Bank (PNB). Mr.Kamath has been heading Allahabad Bank since August, while Mr.Singh, an Indian Administrative Officer from the Andhra Pradesh cadre, had been at Punjab and Sind Bank since March 2005.

The appointment of an IAS Officer in Punjab & Sind Bank (P&SB) could be understood in the light of the fact that P&SB continues to be a weaker bank
(even though Mr.RP Singh was at the held since 2005). Despite efforts, including appointment of an IAS Officer at the helm, the bank could NOT come out with IPO. RECENTLY, the Govt. has appointed Mr. GS Vedi as CMD of P&SB.

Should the Govt. be toying with the idea of appointment of an IAS Officer to head Punjab National Bank (PNB) - a big bank next to SBI - OR, should the Govt. appoint a more professional banker? In the recent past, the appointment of another IAS Officer - Mr. Damodaran - had not brought cheers to the present IDBI Bank (created after merger of the then IDBI Bank Ltd. with IDBI).

The Govt. should appoint career/professional bankers to head a large bank like PNB. If talent is not available within the PSU banking space, it can as well explore deputing a senior-level official from SBI (as had been done earlier when Mr. Varshney of SBI headed PNB). The Government should desist from the itch of appointing IAS officers in highly professional/technical spaces.
3 replies to this message   Reply to this post | Rate message | Click if Offensive 
Page No :   1    2  

What the stars foretell

Bejan Daruwala

Ganeshaspeaks: Market prediction for Mar 16

View all astrologers

India over 10 years

See whats improved/ worsended

FII Investments »
FDI »
Exports »
Imports »
GNP »
See all »

Poll 

Will the Nifty close below 5200 next week?

Yes No
 
View Result  7 comments read all
To SMS your queries to us Type YS < Your query > SMS to 51818
Stocks to be discussed next:
|  Axis Bank |  Balrampur Chini |  Bajaj Hind |  BPCL |  Coromondel fert |  Indiabulls Realty |  GNFC |  RCF |  REC |  Tata Steel 
 view all queries »
Boarder Circle
Platinum
Gold
Silver
Newbie
Popular Boarders 7days
sukhani001
188
dipakgod
187
Bear-Market
182
emmawatsan
169
Rudra Sharma
168
All Time
more
Top Tracked 7days
KotakInvestment
1408
India_bulls
1088
joetom
1046
flashstock05
885
marketman
859
All Time
more
Prolific Boarders 7days
hsnmf
1055
dipakgod
330
ISHANT
277
radhika_nandlal
274
All Time
more

Have you made your Dream Team?

Top selected cricketers today

Virender Sehwag
Adam Gilchrist
Mathew Hayden
Suresh Raina
Yusuf Pathan
Time: 20.00 hrs
Next Match

Team Mumbai & Team Kolkata

Who will win the match?

v/s

What's happening in IPL?

Chennai do a Kolkata in run chase

Delhi have to hold their nerve

Punjab break Chennai hearts in Super Over

more news »

more galleries »