United Bank of India, Bank of Maharashtra get new MDs and CEOs

Pawan Kumar Bajaj and Ravindra Prabhakar Marathe were today appointed as Managing Director (MD) and Chief Executive Officer (CEO) of United Bank of India and Bank of Maharashtra respectively.
Bajaj is Executive Director in Indian Overseas Bank. He has been appointed as MD and CEO "based on merit-cum-preference", an order issued by Department of Personnel and Training said.
Bajaj has been appointed to the post upto September 20, 2018, the date of his attaining the age of superannuation, it said.
Marathe is Executive Director in Bank of India. He will take over the charge on or after October 1, 2016 and continue for a period upto November 30, 2019, i.E. The date of his retirement, the order said.

The Appointments Committee of Cabinet has approved these appointments, it said.