Punjab National Bank (PNB), one of India's leading public sector banks, has announced a series of senior management changes as of April 1, 2025. These changes align with the bank's commitment to enhance operational efficiency and further strengthen its leadership in the banking sector. In compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015, the bank has outlined the new assignments of senior management personnel in line with its corporate governance framework.

Key Senior Management Changes at PNB

Under the updated structure, several experienced professionals have been appointed to various leadership positions within PNB, covering diverse divisions and zonal offices across the country. The appointments reflect the bank’s robust internal growth strategies and the experienced leadership required to drive its future initiatives.

1. Shri Kuldeep Kumar

• New Assignment: General Manager, Agriculture Division, Head Office

• Brief Profile: Shri Kumar holds an M.Sc. and a Diploma in Management. With over 33 years of experience at PNB, his extensive background in banking and agriculture will play a pivotal role in the development of the bank’s agriculture-focused products and services.

2. Shri Jatinder Mankotia

• New Assignment: Chief Manager, Corporate Office, Bhatinda, Zonal Office, Bhopal

• Brief Profile: A B.Sc., B.Ed, and MBA (Banking and Finance) graduate, Shri Mankotia holds certifications in Risk Management. With over 28 years of experience, he has been pivotal in the development of corporate banking services across the bank's network.

3. Shri Nathu Ram Banjara

• New Assignment: Chief Manager, Corporate Office, Etawah, Zonal Office, Patna

• Brief Profile: Holding a B.Com. and Certification in Commercial Credit, Shri Banjara brings over 35 years of experience in the bank. He has been instrumental in managing credit and corporate services.

4. Shri Bhushan Sharma

• New Assignment: Chief Manager, Corporate Office, Panipat, Zonal Office, Bhubaneswar

• Brief Profile: A B.Com. graduate with a Certified Associate of Indian Institute of Bankers (CAIIB), Shri Sharma has more than 29 years of experience, specializing in corporate banking and credit risk management.

5. Shri Anupam Sahoo

• New Assignment: General Manager, Human Resources Development Division, Zonal Office, Dehradun

• Brief Profile: With a B.Sc. and a Certificate in Cyber Law, Shri Sahoo brings over 32 years of experience in human resources management and banking operations.

The leadership changes come at a time when PNB is focusing on expanding its customer base and improving operational efficiency. By appointing individuals with decades of expertise, the bank is positioning itself for continued growth in a rapidly evolving financial services landscape.

Compliance with SEBI (LODR) Regulations

As per SEBI’s (LODR) Regulations, 2015, and the SEBI Circular dated 13.07.2023, this disclosure aims to keep stakeholders informed about significant changes in the senior management team. The detailed information about these changes ensures that PNB adheres to the regulatory framework set by SEBI and maintains transparency in its governance practices.

Conclusion

The new assignments within Punjab National Bank demonstrate the institution’s focus on internal talent and commitment to upholding high standards of leadership. The changes also signal PNB’s strategic vision to drive growth in key areas such as agriculture, corporate credit, and human resources development. As these leaders step into their new roles, they are expected to lead the bank towards its next phase of development while continuing to serve the needs of its diverse customer base across India. With these updates, PNB reaffirms its reputation as a bank that adapts proactively to the demands of the financial services sector.

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