The Appointments Committee of the Cabinet (ACC) has approved a slew of proposals of the Department of Financial Services (DFS), providing new postings for the top brass of erstwhile Vijaya Bank and Dena Bank.

While Karnam Sekar, MD & CEO of Dena Bank, has been appointed as the chief of Indian Overseas Bank (IOB), RA Sankara Narayanan, MD & CEO of Vijaya Bank, has been appointed as the MD & CEO of Canara Bank.

Rajesh Kumar Yaduvanshi, Executive Director of the erstwhile Dena Bank, has been appointed as the Executive Director at Punjab National Bank. Nageswara Rao Y, Executive Director, Vijaya Bank, has been appointed as the Officer on special duty and whole time director in Syndicate Bank.

Murali Ramaswami, Executive Director, Vijaya Bank has now been appointed as Executive Director in Bank of Baroda (amalgamated entity).