Friday, May 15, 2015

#Syndicate Bank gets new CMD Arun Shrivastava

Arun Shrivastava has assumed charge as Managing Director & CEO of State-owned Syndicate Bank form today.

Prior to joining Syndicate Bank, Shrivastava was Executive Director of Bank of India, looking after Finance, Strategy & Planning, Large Corporate & Mid Corporate Business, Corporate Debt Restructuring, Project Finance & Syndication, Credit Monitoring & Asset Recovery, Publicity & Public Relations portfolios of Bank.
Syndicate Bank's previous chairman and managing director Sudhir Kumar Jain was booked by the CBI - under relevant sections of Prevention of Corruption Act, 1988 and criminal conspiracy for allegedly receiving a bribe of Rs 50 lakh through conduits and abusing his official position to enhance the credit limits of some companies in violation of procedures.Subsequently, Syndicate Bank removed its suspended chairman and managing director Sudhir Kumar Jain from CMD's post.