Govt opens top jobs in PSBs to pvt candidates

New Delhi: The government has opened top management positions in public sector banks (PSBs), including the country’s largest lender State Bank of India (SBI), to private sector candidates. However, United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions, on Friday registered a strong protest against the government decision to open top positions in PSU banks to candidates from the private sector. Out of four positions of Managing Director in SBI, one position has been opened for private sector candidates and persons working in public sector financial institutions. So far, all MD and chairman positions have been filled by internal candidates. As per the revised appointment guidelines, one MD position will now be available to the private sector.