FSIB recommends Binod Kumar for post of Indian Bank MD & CEO

The Financial Services Institutions Bureau (FSIB) has recommended Binod Kumar, current Executive Director of Punjab National Bank, as the next Managing Director of Indian Bank. Kumar is set to replace S L Jain, who retires next month. The decision follows a rigorous selection process that involved interviewing 15 candidates. The final appointment awaits approval from the Prime Minister-led appointments committee.