RBI, Cabinet Secretary asked to examine discrepancies in recent appointments of PSU bank chiefs: Finance Minister Arun Jaitely.
— Press Trust of India (@PTI_News) August 14, 2014
All the appointments of public sector bank chiefs during the erstwhile UPA-2 regime will be reviewed. Finance Minister Arun Jaitley has already written letters to RBI governor Raghuram Rajan and cabinet secretary Ajit Seth to carry out a detailed probe in this regard. During the probe into the Syndicate Bank scandal, it has been reportedly found that SK Jain was appointed as the CMD of the bank despite of having poor ACRs (Appraisal of Confidential Reports). CBI chief Ranjit Sinha has already suggested a legal scrutiny on the appointment of public sector bank chiefs made during last few months of UPA-2 regime.
State-run banks in which CMDs were appointed recently include Canara Bank, Corporation Bank, Bank of India, IDBI Bank, Allahabad Bank and Central Bank of India.
