Government appoints MDs of four PSU banks

The government has appointed MDs of four public lenders, including UCO Bank, Corporation Bank and Andhra Bank.

Andhra Bank :

Suresh N Patel Executive Director of Oriental Bank of Commerce has been appointed managing director Hyderabad based Andhra Bank .

UCO Bank :

R K Takkar will now head the Kolkata-based UCO Bank R K Takkar

Corporation Bank :

J K Garg has been named as the MD of Corporation Bank.

Indian Bank :

Mahesh Kumar Jain has been elevated as the MD and CEO for three years from the date of taking charge or till the date of his superannuation or till further orders, whichever is earliest.

Repco Home Finance approves reappointment of MD

Repco Home Finance the housing finance division of Repco Bank said that the company’s board approved the reappointment of Managing Director R Varadarajan for a period of three years from January 1, 2016 to December 31, 2018 in a regulatory filing.

About Repco Bank 

Repco Bank (Repatriates Cooperative and Finance and Development Bank) is a cooperative bank established by the Government of India in 1969 to improve financial needs of repatriates from Sri Lanka and Burma.

• It has been controlled by the Ministry of Home Affairs and operated only in the South Indian states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu.
• The Chennai-based Repco Home Finance operates 106 branches and has 36 satellite centres across the country.