Binod Kumar Recommended for Indian Bank’s Top Role

The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, currently the Executive Director at Punjab National Bank, as the new Managing Director and CEO of Indian Bank. He is set to replace S L Jain, who is retiring next month. This decision follows a fresh selection process after previous candidate Asheesh Pandey faced concerns from the Reserve Bank of India. The final appointment awaits approval from the Cabinet’s Appointments Committee.