T C A Ranganathan and Sunil Mehta were today appointed as Non-Official Directors in Indian Overseas Bank and Punjab National Bank respectively.
The Appointments Committee of Cabinet has cleared their appointment as Non-Official Director/Non-Executive Chairman in the respective banks for a period of three years, an order issued by Personnel Ministry said.
Mehta's appointment is subject to a condition that he needs to resign from the board of State Bank of India before joining the new post.
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