The Finance Minister has approved the creation of Chief General Manager post (CGM), below board level, in five more nationalized banks (i.e.) Bank of Maharashtra, Central Bank of India, Indian Overseas Bank,

The increase of CGM posts will enhance the capability of banks to better monitor critical positions such as digitalisation, cyber security, fintech, risk, compliance, rural banking, financial inclusion etc.

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Finance Minister Nirmala Sitharaman has approved the creation of Chief General Manager (CGM) posts in five public sector banks, including Bank of Maharashtra, Central Bank of India, and UCO Bank. This decision aims to enhance the administrative structure and efficiency of these banks,