.......Further, top positions in two regulatory bodies — insurance regulator IRDA and pension regulator PFRDA — and the chairman post in UTI Mutual Fund have been lying vacant for quite some time. As many as 4 PSU banks are already functioning without a chairman and an MD. “The next batch of appointments is likely to be done only after the government finalises the new norms for appointment of bank chairman. The government is now expected to split the role of chairman and MD posts as recommended by several committees and former RBI governors. The process followed by the UPA government in its last months in office is unlikely to be followed,” said a top-level source. There is yet to be clarity on who will be the chairman, whether it should be a serving or a retired banker or a non banker, he said.......
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