Government swaps MDs of Indian Bank and IDBI Bank

Chennai, March 20 (IANS) The central government has swapped places of the head honchos of the Indian Bank and the IDBI Bank, the Indian Bank said on Monday.

In a regulatory filing, the Indian Bank informed the BSE that the central government in a notification on March 18, 2017, appointed Kishor Piraji Kharat, Managing Director (MD) and Chief Executive Officer (CEO) of the IDBI Bank as the MD and CEO of the Indian Bank for the remaining period of his current tenure or until further orders, whichever is earlier.

Similarly, the central government appointed the present MD and CEO of the Indian Bank, Mahesh Kumar Jain, as the MD & CEO of the IDBI Bank.

–IANS

vj/nir

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