Page 28 - BANKING FINANCE JANUARY 2016 ONLINE

NEW APPOINTMENTS

PEOPLE ON THE MOVE

Shri Mahesh Shri Mahesh Kumar Jain appointed as MD & CEO of Indian Bank
Kumar Jain
Shri Mahesh Kumar Jain, aged 54 years, assumed charge as the Managing Director & Chief Executive
Officer of Indian Bank on 2nd November 2015. He was holding additional charge as MD & CEO from
10.06.2015. He joined Indian Bank as the Executive Director on 27.09.2013. As the Executive
Director of Indian Bank, important portfolios like Corporate & Retail Credit, SME Credit, Risk
Management, Recovery & Legal, Accounts, Technology Management, Banking Operations
Department, Business Process Re-engineering and Compliance Department were handled by him.

Shri Suresh N Patel appointed as Managing Director & CEO of

Andhra Bank

Shri Suresh N Patel, Managing Director & CEO, assumed charge on 02nd November 2015.He is a Shri Suresh N
graduate in Science and Law. He is also a certified member of Indian Institute of Bankers. Patel
Prior to the elevation to the present cadre in Andhra Bank, he was Executive Director in Oriental
Bank of Commerce since 01.01.2014. Having worked in various assignments, he has over three
decades of rich banking experience.

Deepak Singhal is new the RBI ED

Deepak Singhal Deepak Singhal took over as the new Executive Director of Reserve Bank of India on November 2,
2015. Prior to his elevation, Singhal was Regional Director in-charge of the Central Bank's New Delhi
office. Following this appointment, the RBI now has 11 Executive Directors. Singhal will mainly look
after the Central Security Cell, Corporate Strategy and Budget Department, Department of Corporate
Services and Human Resource Management Department. KK Vohra, Executive Director, who was
earlier looking after these Departments will now look after the Deposit Insurance and Credit
Guarantee Corporation.

A. K. Jain appointed as acting chairman of CBDT A. K. Jain

Senior revenue officer AK Jain has been appointed as acting Chairman of the CBDT following the
retirement of its Chairperson Anita Kapur. Jain, a 1978 batch Indian Revenue Services Officer, will
be holding additional charge as chairperson of Central Board of Direct Taxes, the apex policy making
body of the Income Tax department. He is at present Member (Personnel and Vigilance) of CBDT,
official sources said. Meanwhile, Kapur has been appointed an adviser on tax reforms in the Finance
Ministry for six months.

Mr. Jai Kumar Garg appointed as MD and CEO of Corporation Bank

The Finance Ministry has also appointed Jai Kumar Garg, Executive Director at UCO Bank, as MD
& CEO of Corporation Bank. Garg will assume charge on or after February 1, 2016.

Mr. Jai Kumar Garg

28 | 2016 | JANUARY | BANKING FINANCE

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