Accoring to sources, Centre is close to appointing Ravi Venkatesan, an independent director on the Infosys board, and former revenue secretary Sumit Bose as chairmen of two public-sector banks. TN Manoharan, who is on the board of Tech Mahindra, and former petroleum secretary GC Chaturvedi are also tipped to head two other banks.

The impending appointments indicate the BJP-led government’s determination to transform banking by inducting outside talent into public sector banks.