Punjab National Bank Announces Senior Management Changes Effective April 1, 2026

Punjab National Bank has announced significant changes in its senior management structure, involving 11 officials across various head office divisions and zonal offices. The changes, communicated through a regulatory filing under SEBI (LODR) Regulations, 2015, took effect from April 1, 2026.

Key Head Office Restructuring

The restructuring focuses primarily on head office divisions, with several Chief General Manager positions being reorganized to enhance operational efficiency. The changes reflect the bank's strategic emphasis on consolidating operations and strengthening divisional leadership.

Official	Previous Assignment	New Assignment	Experience
Firoz Hasnain	CGM, MSME & MCC Division	CGM, MSME, MCC & Mid Corporate & Retail	32 years
Sunil Kumar Goyal	CGM, DBTD	CGM, Data Analytics & Strategic Innovation	40 years
Sanjay Gupta	CGM, Inspection Audit Division	CGM, Operations (ADC & Recon and Data Privacy & Management)	34 years
Rajesh Prasad	CGM, General Banking Division	CGM, Operations (General Banking Division and Customer Care Centre)	23 years

Strategic Zonal Appointments

Significant changes have been implemented at the zonal level, with experienced professionals being repositioned across key commercial centers. The appointments demonstrate the bank's focus on leveraging senior talent for regional operations.

Zone	New Zonal Manager	Previous Role	Qualifications
Delhi	Rajesh Bhowmick	Zonal Manager - CGM, Jaipur	B.Sc., MBA, CAIIB, 29 years
Chandigarh	Ashish Kumar Chaturvedi	Zonal Manager - CGM, Raipur	M.Sc. (Mathematics), 34 years
Jaipur	Surindar Pal Singh	CGM, BA & RM Division	B.Sc., MBA (Marketing), CAIIB, 23 years

Divisional Leadership Changes

The bank has made strategic appointments to strengthen its agricultural operations, audit functions, and credit monitoring capabilities. These changes position experienced leaders in critical operational areas.

Position	New Appointee	Previous Role	Background
CGM, Agriculture & Priority Sector	Parveen Goyal	Zonal Manager - CGM, Delhi	M.A. (Sociology), CAIIB, 34 years
CGM, Inspection Audit Division	Sanjeev Kumar Dhupar	CGM, Agriculture Division	M.A., CAIIB, 32 years
CGM, Credit Review and Monitoring	Mrityunjay	Zonal Manager - CGM, Lucknow	B.Sc., MBA, CAIIB, 32 years

Professional Expertise and Experience

The appointed officials bring diverse educational backgrounds and extensive banking experience ranging from 23 to 40 years. The leadership team includes professionals with qualifications in engineering, science, commerce, and management, with several holding specialized certifications including CAIIB and advanced degrees.

The restructuring demonstrates Punjab National Bank's commitment to optimizing its organizational structure while ensuring appropriate succession planning and operational excellence across its network. The changes are expected to enhance divisional coordination and strengthen the bank's strategic capabilities in key business areas.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.46%	-5.08%	-19.28%	-7.17%	+8.56%	+173.51%

Punjab National Bank has announced that it will maintain its Marginal Cost of Funds Based Lending Rates (MCLR) unchanged with effect from April 1, 2026. The decision reflects the bank's assessment of current market conditions and funding costs.

MCLR Rate Structure Remains Stable

The bank's MCLR rates across all tenors will continue at their existing levels that were effective from March 1, 2026. The rate structure demonstrates a progressive increase based on tenor length, providing borrowers with various options based on their financing needs.

MCLR Tenor	Existing w.e.f. 01.03.2026	With effect from 01.04.2026
Overnight	7.95%	7.95%
One Month	8.20%	8.20%
Three Month	8.40%	8.40%
Six Month	8.60%	8.60%
One year	8.75%	8.75%
Three years	9.05%	9.05%

Other Key Lending Rates Unchanged

Beyond the MCLR rates, Punjab National Bank has also maintained its other benchmark lending rates. The Repo Linked Lending Rate (RLLR) remains at 8.10%, which includes a Bank Spread Premium (BSP) of 0.10%. The bank's Base Rate continues at 9.50%.

Rate Type	Current Rate
RLLR (including BSP)	8.10%
Base Rate	9.50%

Rate Review Process

The announcement was made through an official communication to stock exchanges dated March 30, 2026. This regular review process ensures that the bank's lending rates remain aligned with market conditions and regulatory requirements. The unchanged rates suggest stability in the bank's funding costs and market outlook for the immediate term.

The decision to maintain rates across all categories indicates Punjab National Bank's current assessment of liquidity conditions and cost of funds. Borrowers with existing loans linked to these rates will continue to pay interest based on the unchanged rate structure.