The Department of Posts has written to chiefs of
several public sector banks asking them to nominate officials to fill
the posts of chief executive officer and chief operating officer at the
department’s payments bank, which is to be unveiled soon.
“We
have written to select public sector banks like Punjab National Bank,
Canara Bank, Bank of Baroda, Bank of India (and) Union Bank to recommend
their board-level officers or senior executives who may be interested
in managing our payments bank as CEO on one-year deputation basis,”
Department of Posts Secretary, S.K. Sinha, said.
The
Secretary clarified that a similar request was not sent to State Bank of
India to avoid conflict of interest as country’s largest lender has
partnered with Reliance Industries, which has been granted...