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Govt clears criteria to appoint 5 PSU bank chiefs

The Appointments Committee of Cabinet today approved the criteria and method for selection of managing director and chief executive officers in five public sector banks — posts that have been lying vacant for long.

The Appointments Committee of Cabinet today approved the criteria and method for selection of managing director and chief executive officers in five public sector banks — posts that have been lying vacant for long.

The five banks are Bank of Baroda , Punjab National Bank , Bank of India , Canara Bank  and IDBI Bank .

“The guidelines envisage that both governmental and non-governmental candidates can apply,” the government release stated. “The candidate should have at least 15 years of mainstream banking experience, of which three years should at least be at the Board level. The candidate should be in the age group of 45 to 55 years and will have a fixed tenure of three years, subject to normal age of superannuation of 60 years.”

Bank of Baroda stock price

On February 26, 2015, Bank Of Baroda closed at Rs 172.40, down Rs 4.8, or 2.71 percent. The 52-week high of the share was Rs 231.50 and the 52-week low was Rs 101.80.


The company’s trailing 12-month (TTM) EPS was at Rs 18.38 per share as per the quarter ended December 2014. The stock’s price-to-earnings (P/E) ratio was 9.38. The latest book value of the company is Rs 167.11 per share. At current value, the price-to-book value of the company is 1.03.

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