Finance Ministry is soon to conduct interviews for the post of Executive Director in public sector banks. There are 22 vacancies at present and around 40 candidates are eligible for the post which will be evaluated.

The vacancies have come up primarily because several officials are due to retire soon. Also, the increase in number of Executive Directors at public sector banks has ramped up the requirement.

Earlier, larger pubic sector lenders had 2 Executive Directors which now has been increased to 3. For the smaller banks number has been increased to 2 from 1.