New Delhi:The Finance Ministry has appointed chief executives in four public sector banks (PSBs) — Andhra Bank, Indian Bank, Corporation Bank, and UCO Bank.

Earlier in mid-August, private sector bankers were appointed to head five PSBs — Bank of Baroda, Bank of India, Punjab National Bank, Canara Bank and IDBI Bank.They were given flexible salary packages.

However, the current round of appoints of MDs and CEOs have been made from within public sector banks. A plausible reason could be the fact that these four banks were smaller in size, said banking industry observers.

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