Govt appoints new chairman for Bank of India, Indian Overseas and UCO Bank

The Appointments Committee of the Cabinet (ACC) has made several key appointments. These appointments have been announced by the Department of Personnel & Training in accordance with the decisions made by the ACC.

Appointment of M R Kumar as Chairman of Bank of India (BOI):

• The Appointments Committee of the Cabinet (ACC) has appointed M R Kumar, former LIC Chairman, as the part-time non-official Director and non-executive Chairman of Bank of India (BOI).
• M R Kumar has been appointed as the Chairman of BOI for a term of three years.

Appointment of Srinivasan Sridhar as Chairman of Indian Overseas Bank (IOB):

• The ACC has appointed Srinivasan Sridhar as the part-time non-official Director and non-executive Chairman on the Board of Indian Overseas Bank (IOB).
• Sridhar has been appointed for a term of three years, with the condition that he resigns from the Board of Bank of Baroda.

Appointment of Aravamudan Krishna Kumar as Chairman of UCO Bank:

• The ACC has appointed Aravamudan Krishna Kumar as the part-time non-official Director and non-executive Chairman on the Board of UCO Bank.
• Kumar has been appointed for a term of three years, subject to his resignation from the Board of Suraksha Asset Reconstruction Limited, as per the order issued by the Department of Personnel & Training.