The government has relaxed the norms for appointment to top jobs at public sector banks.
To be eligible for the post of chairman and managing director (CMD), a candidate will now require at least 18 months of residual service, with six months experience as an executive director (ED). Earlier, a candidate was required to have at least two years of residual service, with one-year stint as an ED.
The government has called 20 EDs for interviews by the end of this month. Eight CMD posts will fall vacant this financial year.