Bank ED Vacancy
FSIB invites applications for position of ED in 4 PSU banks by May 15
This story was originally published at 13:15 IST on 17 April 2026
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NEW DELHI – The Financial Services Institutions Bureau has invited applications for the position of executive directors in four public sector banks for 2026-27 (Apr-Mar). The four banks are Indian Bank, Punjab National Bank, Union Bank of India, and Bank of Baroda. Applications must be submitted by May 15, FSIB said.
The executive directors in the state-owned banks will support the bank's board in achieving growth, profitability, and operational goals. They will also provide oversight of key functional areas such as credit, risk management, operations, and business development, as assigned, and ensure compliance with regulatory guidelines, internal controls, and governance standards.
According to the release, suitable candidates will first be shortlisted based on experience and eligibility conditions, and then selected after personal interviews. "Final selection of the candidates will be done by the Financial Services Institutions Bureau," it said. The FSIB is an autonomous government body that recommends personnel for appointments on the boards of banks and other financial institutions.
"In addition to the above anticipated vacancies, any unanticipated vacancies of open positions of ED in nationalised banks arising during FY27 shall also be filled through the applications received in response to this advertisement," FSIB said. The allocation of banks will be done based on merit and preference basis for the anticipated vacancies. The unanticipated vacancies, if any, will be filled through the panel of candidates in the waiting list created through this selection process, FSIB also said. End
Reported by Priyasmita Dutta
Edited by Akul Nishant Akhoury
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