(a) whether the Federation of Indian Bant; Employees`Union,Chennai had brought to the
attention of the Government to the problems caused to the Indian Bank by delays and
disruptions in the appointment of CMDs;
(b) the reasons for the appointmenl of a Coordinatoi rather than a CMD in place of
the previous incumbentarid
(c) the steps taken by the Government to rectify the situation and fill up the vacant
posts of CMDs banks ?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI BALASAHEB VIKHE PATIL) :
(a) Yes. Sir.
(b) As the posts of both whole lime directors i.e.Chairman and Managing Director and
Executive Director, of Indian Bank had fallen vacant, the Central Government had
appointed one of the officials of the Ministry of Finance, Department of Economic Affairs
(Banking Division) to coordinate the affairs of the bank until assumption of charge by a
regular Chairman and Managing Director. The post of Chairman and Managing Director. Indian
Bank has since been filled up by appointment of a regular incumbent with effect from 29th
June, 2000.
(c) Action has been initiated to fill up the vacant posts of Chairmen and Managing
Directors of nationalised banks.