Govt will soon appoint heads of major PSU banks: RBI Guv

The government will soon appoint new heads of major public sector banks, RBI Governor Raghuram Rajan said on Thursday. “The government is seized of the issue -- the need to move quickly on the appointment process... Now we are very close to the announcement, but the final word on that has to come from the government,” he told reporters after a meeting of the RBI board here. The department of financial services had earlier sought applications for the post of MD and CEO in Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank and IDBI Bank for a fixed term of three years.