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 Hot Talks in Banking Circles

(Are  above circles  moving or is it only illusion ??  Are Some Hot talks only illusions ?? )

Compiled by

Rajesh Goyal 

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16th May 2015: 


To be Posted As

Arun Shrivastava

MD and CEO of Syndicate Bank

R Shankarnarayanan (at present GM  in BoI)

ED , Bank of India

Satish Kumar Kalra ( at present ED of Andhra Bank)

Additional charge of MD and CEO of Andhra Bank for 3 months



29th April 2015:   Bankers are discussing the off the record  report that Andhra Bank may soon be merged with one of the leading PS banks.    Interestingly Andhra Bank has  reported a whopping 110 percent growth in profit during January-March 2015  quarter, driven by strong net interest income and other income. Fall in provisions and stable asset quality also boosted profitability.  


Does this sudden rise in profit has to do something with the merger of this bank.   Has the top management had got a wind and thus trying to project itself as a viable entity.  Only time will tell.



30th  March 2015:  Mr T M Bhasin, CMD of Indian Bank, who was scheduled to retire on 31st March, 2015 (after completing his 5 year term),   is reported to have been  given an extension for 14 months i.e. till the time he completes 60 years of age i.e. May 2016.    There are hot talks among the bankers, as to how he managed to get this extension whereas Mr K R Kamath of PNB was shown the door unceremoniously last year.

Did Mr Kamath not got sufficient time to switch loyalty from Congress to BJP  OR Mr Bhasin (who is Chairman of IBA) has been awarded for his successful mission  to crush  the demand of  wage revision under 10th BPS  only to 15% hike instead of original demand of 40% raise.   If it is the later, then Staff should not expect much now as Mr Bhasin has to reciprocate the liberal attitude adopted by GoI in extension.

Bankers will continue to speculate only about these as truth is not likely to come into open.


26th March 2015:  Now Govt is working for holding interviews for the posts of Executive Directors in PS Banks.   The process is likely to take place as early as April 2015, for the vacancies likely to be filled in 2015 and 2016.   Bankers are watching how does the new government behaves in the appointment of these top jobs in Banks.



11th March 2015 ( Updated at 9.00 PM) :  Finally, the list of nine EDs has been released alongwith the bank allotted as ED.  We give below the details of the same:

Name  Present Posted As  Elevated AS  Date of Birth
Charan Singh GM, BoI ED, UCO Bank July 1, 1960
Harideesh Kumar GM, Vijaya Bank ED, Canara Bank May 20, 1957
Kharat Kishor Piraji GM, BoB ED, Union Bank of India September 4, 1958
KVR Moorthy GM, BoB ED, BoB January 12, 1959
N K Sahoo GM, Canara Bank ED, Allahabad Bank February 24, 1959
Pawan Kumar Bajaj GM, BoI ED, IOB September 21, 1958
R S Pandey GM, Union Bank of India ED, Syndicate Bank October 6, 1957
Ravindra P Marathe GM, BoB ED. BoI November 17, 1958
Rishabh Lodha GM, Union Bank ED, CBI February 14, 1957

The above  appointments will be in the scale of pay of Rs 65,000- 78,000 with effect from the date of assumption of charge of the post and upto the date of attaining the age of superannuation, OR until further orders, whichever is earlier, the release added.



10th March 2015:  There are reports that most of the  vacant Executive Directors posts in nationalised banks, will be filled up this week itself.   The final list will be out soon.  The following General Managers are likely to be elevated as Executive Directors :

Name  Present Posted As 
Ravindra P Marathe GM, BoB
KVR Moorthy GM, BoB
Kharat Kishor Piraji GM, BoB
Charan Singh GM, BoI
Pawan Kumar Bajaj GM, BoI
N K Sahoo GM, BoI
R S Pandey GM, Syndicate Bank
Rishabh Lodha GM, Union Bank
Harideesh Kumar GM, Vijaya Bank

The above indicates that promotions are skewed as BoB and BoI, General Managers are likely to get the major share of these promotions.   Are General Manager's of these banks are really much more intelligent and honest than other nationalised banks  OR they are the real manipulators.?   Bankers are talking about the reasons for this discrimination in hushed tones.



15th Febraury 2015:  Arun Srivastava, ED in Bank of India is likely to be the next MD and CEO of Syndicate Bank



2nd January 2015:  A lot of controversy is raging for the new selection process to adopted for selection of 3 CEOs & MDs for A Category banks i.e PNB, BoB and Canara Bank



2nd January 2015:  Banks are also discussing about the completion of the process of selection for the posts of EDs in natinalised banks.   However, names are yet to be cleared by CVC  for vigilance purpose.  



2nd January 2015 : Bankers are still grappling with the split of the CMD posts into two separate posts i.e. (a) Part Time Chairman (b) CEO & MD post.  The new roles are likely to take much more time to settle as bankers have been tuned to handle only single post at the head of the institution.









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3rd December, 2013:   Mr Arun Tiwari, at present Executive Director with Allahabad Bank, is likely to join Union Bank as CMD.  Earlier reports had tipped the name of Mr B K Batra for the same post.

7th October, 2013:   The orders apoointing Shri Gauri Shankar (DoB 25.03.1956) as the Executive Director of PNB have been issued.  He has been appointed to ED's post upto 31.03.2016+ i.e. the date of his attaining the age of superannuation. (At present he is GM, BoI)

4th October, 2013:   It is reported that the orders for appointing Mr S R Bansal (DoB 03.01.1956), as CMD of corporation Banks have been issued (At present he is ED at PNB).  He will remain to the elevated post till 31.01.2016 ie the date of superannuation.

3rd October, 2013:   Banker are likely to soon  see the orders for the appointment of Ms Arundhati Bhattacharya as the new Chairperson of SBI.   The post had become vacant after the end of the tenure of Mr Pratip Chaudhuri  ended on 30/09/2013

3rd October, 2013:  Mr S Muhnot (presently with SIDBI) is tipped for the top post of BoM in place of Mr Narendra Singh, who has retired on 30th September, 2013.

st October, 2013:  Mr S R Bansal, ED with PNB is likely to receive his posting  orders on promotion as CMD in Corporation Bank in next two to three days.  Simultaneously,  the orders of Mr Gauri Shanker (presently GM in BoI) for posting as ED in PNB in place of Mr Bansal are expected.  Good Luck to both of them


Hot Talks Archives i.e. topics discussed under this head upto 2013 are available  on a separate page.  You can click and view the old Hot Talks topics


Hot Talks are merely those talks which are being talked about by bankers and / or appear in media based on inside reporting. cannot guarantee these to be true and/or necessarily correct as final decision on many issues is yet to be taken.   Visitors to website are, therefore, advised to wait for the final decisions and recheck from their own sources the veracity of these reports. is thus in no way responsible for authencity of these talks.


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