TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All News
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All News
Join Channel
Note
Bookmark
Share
Don't have an account? Register Here
Press Information Bureau
Government of India
Ministry of Finance
09-December-2011 16:47 IST
Bank-wise/category-wise number of Directors in Public Sector Banks including State Bank of India, as per Reserve Bank of India (RBI) record, is annexed. Government Nominee Directors are appointed as per extant Guidelines. Non-Governmental Directors are elected under Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970/1980. Before election, the Nomination Committee of the Bank does the fit and proper exercise of the candidature of the Directors, as per RBI’s guidelines. This is also done annually as on 31st March every year during the tenure of the Director.
Annex
Number of Directors in Public Sector Banks including State Bank of India
Sr. No. | Name of the Bank | Number of Directors | |
Government | Non-Government (Shareholder Directors) | ||
1 | Allahabad Bank | 9 | 0 |
2 | Andhra Bank | 8 | 3 |
3 | Bank of Baroda | 10 | 3 |
4 | Bank of India | 9 | 3 |
5 | Bank of Maharashtra | 8 | 2 |
6 | Canara Bank | 10 | 2 |
7 | Central Bank of India | 9 | 0 |
8 | Corporation Bank | 7 | 3 |
9 | Dena Bank | 9 | 3 |
10 | Indian Bank | 9 | 2 |
11 | Indian Overseas Bank | 8 | 3 |
12 | Oriental Bank of Commerce | 10 | 3 |
13 | Punjab & Sind Bank | 9 | 2 |
14 | Punjab National Bank | 10 | 3 |
15 | Syndicate Bank | 9 | 2 |
16 | UCO Bank | 8 | 1 |
17 | Union Bank of India | 9 | 2 |
18 | United Bank of India | 9 | 1 |
19 | Vijaya Bank | 8 | 3 |
20 | State Bank of India | 9 | 4 |
21 | State Bank of Patiala | 14 | 0 |
22 | State Bank of Travancore | 12 | 2 |
23 | State Bank of Mysore | 13 | 1 |
24 | State Bank of Hyderabad | 14 | 0 |
25 | State Bank of Bikaner & Jaipur | 12 | 2 |
26 | IDBI Bank Ltd. | 5 | 2 |
*****
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Lok Sabha today.
SS/GN
Director Appointment Standards require government nominees and shareholder-elected directors to undergo RBI-compliant fit and proper vetting. Director appointment and composition in public sector banks distinguish government nominee appointments under extant guidelines from non-government shareholder directors elected under the statutory acquisition legislation, with the Nomination Committee required to conduct RBI-guideline fit and proper vetting before election and an annual reassessment on 31 March during each director's tenure. of Press 'Enter' after typing page number.
TaxTMI 
