Guidelines for Selection of CEOs and MDs of Small PSBs • The top post in the PSBs would be filled from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years. Henceforth the private sector executives would not be the part of the selection process of top management. • The DMDs of IDBI Bank, the EDs of nationalised banks and MDs of associate banks of State Bank of India (SBI) who have one year of service experience as ED/DMD/MD and who have two years of service left are entitled for post of MD & CEO. • Other than five large PSBs, for the remaining banks hiring will be conducted from the pool of executive directors of the public sector banks itself. • For the five large banks viz. Punjab National Bank, Bank of Baroda, Bank of India, Canara Bank and IDBI Bank, there will be a separate procedure for selection.