- M R Kumar has been appointed as part time non official Director and non-executive Chairman of Bank of India (BOI).
- He has been appointed for the post in Bank of India for a term of three years. He is former LIC Chairman.
- Srinivasan Sridhar has been appointed as part time non official Director and non-executive Chairman on the Board of Indian Overseas Bank (IOB).
- Sridhar has been appointed for a term of three years. His appointment is subject to the condition that he resigns from the Board of Bank of Baroda.
- Aravamudan Krishna Kumar has been appointed as part time non official Director and non-executive Chairman on the Board of UCO Bank.
- He has been appointed for a period of three years. His appointment is subject to his resignation from the Board of Suraksha Asset Reconstruction Limited.
