<
div id=”pcl-full-content”>The Centre on Monday extended the tenures of Bank of Maharashtra (BoM) managing director and chief executive AS Rajeev till May 31, 2024 and his counterpart at Central Bank of India MV Rao till July 31, 2025, the lenders said in exchange filings.
This is the second extension that BoM MD has got from Centre since he became the bank’s chief in December 2018 after serving as executive director (ED) at Indian Bank.
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Rajeev has about three decades of banking experience with various public sector banks including Syndicate Bank, Vijaya Bank and Indian Bank. A classified chartered accountant, he handled departments including corporate credit, international banking, treasury, risk management, human resources, among others. During his stint as ED at Indian Bank, he was also a director of National Payments Corp of India (NPCI), two Indian Bank subsidiaries and member of committee of Indian Bank Association, among others.
Rao, meanwhile, has been serving as Central Bank of India’s CEO since 2021 and his current term was scheduled to expire on February 2, 2024. He, too, has over three decades of banking experience, and was earlier associated as ED with Canara Bank and Allahabad Bank.
His expertise stands in the areas of corporate credit, retail assets, treasury, human resources, stressed assets, digital banking, among others. As ED of Canara Bank, Rao also oversaw the smooth amalgamation of Syndicate Bank with Canara Bank.
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