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    <title>Government Appoints MD &amp; CEO of Four Nationalised Banks</title>
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    <description>Appointments have been made elevating four Executive Directors to the posts of Managing Director &amp; Chief Executive Officer for specified banks for three years or until superannuation. The Government has adopted a policy separating the roles of Chairman and MD &amp; CEO in public sector banks (except SBI), making the Chairman a part time board member who will preside over board meetings without executive functions; selection procedures for part time Chairmen and for fresh searches in certain large banks will be announced shortly.</description>
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      <description>Appointments have been made elevating four Executive Directors to the posts of Managing Director &amp; Chief Executive Officer for specified banks for three years or until superannuation. The Government has adopted a policy separating the roles of Chairman and MD &amp; CEO in public sector banks (except SBI), making the Chairman a part time board member who will preside over board meetings without executive functions; selection procedures for part time Chairmen and for fresh searches in certain large banks will be announced shortly.</description>
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