Government plans to swap CEOs of IDBI Bank and Indian Bank
Friday, March 17, 2017, 2:15 PM
In a fresh attempt to revive the ailing IDBI Bank, the government plans to swap the CEOs of Indian Bank and IDBI Bank. Senior officials say that swap is in hope that a CEO with a longer tenure would be better positioned to turnaround the loss-making IDBI Bank. This would be first instance of CEOs of a large bank moving to a smaller bank.