T C A Ranganathan and Sunil Mehta have been appointed as the Non-Official Directors in Indian Overseas Bank and Punjab National Bank respectively.
According to an order issued by Personnel Ministry, 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.
However, Sunil 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.
