..........While the government appoints managing directors, the bank's chairman is responsible for allocating portfolios. A search panel headed by the Reserve Bank of India governor conducted the interviews earlier this week. The search panel included Rajiv Takru, secretary, financial services, in the ministry of finance; Anand Sinha, deputy governor of RBI (nominee of the governor) and one professor from an Indian Institute of Management, among others. The selection for this post is crucial as the selected candidate could well be made chairman of the country's largest bank when Pratip Chaudhuri's two-and-a-half-year term ends in September..............
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