India, April 23 -- FSIB, the headhunter for directors of State-owned banks and financial institutions, has invited applications from eligible candidates, including those from the private sector, for the appointment of executive directors of nationalised banks during the current financial year.

Inclusion of candidates from the private sector is a departure from the set procedure, and this is the first time that the Financial Services Institutions Bureau (FSIB) would consider them for selection for more than half a dozen vacancies of EDs expected to be created during the current financial year.

As per the eligibility criteria announced by FSIB, the applicant from the private sector should have at least 18 years of experience, with 12 year...