He has over three decades of banking experience, and has also
worked as the executive director in
Oriental Bank of Commerce before taking over as the Managing Director and CEO
of Andhra Bank in 2015.
He had been member of the
management committee of Indian Banks' Association, member of Bankers' Institute
of Rural Development at NABARD, president, state level Bankers' Committee in
Andhra Pradesh and also the president of the Bankers' Institute of Rural and
Entrepreneurship Development, according to a statement issued by the Personnel
Ministry.
He is also a permanent invitee
to the Board for Regulation and Supervision of Payment and Settlement Systems
(BPSS) of the RBI, it said.
Mr Patel, aged 62, was a member
of the advisory board for banking and financial frauds of the Central Vigilance
Commission. Mr Patel resigned from the board after his selection as the
vigilance commissioner.
He will have a tenure of over
two years, till late December, 2022, in the CVC.
The tenure of a vigilance
commissioner is of four years or till the incumbent attains the age of 65
years.
The post of the vigilance
commissioner was lying vacant since June last year after T M Bhasin completed
his tenure.
With Mr Patel's appointment,
the probity watchdog is in full strength.
The CVC can have a central
vigilance commissioner and two vigilance commissioners.
Sharad Kumar is working as the
other vigilance commissioner.
The CVC is appointed by the
president on the recommendation of the committee consisting of the prime
minister as its chairperson, and the home minister and the leader of opposition
in Lok Sabha as its members.
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