Punjab National Bank appoints Divesh Sehara as director on board
- Punjab National Bank appointed Divesh Sehara as director on its board
- The appointment is effective September 10, 2026
- Sehara replaces outgoing director D. Anandan
- Sehara currently serves as Joint Secretary in the Ministry of Finance
*this image is generated using AI for illustrative purposes only.
Punjab National Bank has nominated Shri Divesh Sehara as a Director on its Board effective September 10, 2026. The appointment replaces Shri D. Anandan, who ceased to be a director upon this nomination.
The Board made the appointment under Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. This action follows a notification from the Department of Financial Services, Ministry of Finance, Government of India, dated September 10, 2026.
Appointment Details
Shri Divesh Sehara currently serves as Joint Secretary in the Government of India’s Ministry of Finance, Department of Financial Services. His tenure as director continues until further orders.
The bank confirmed there is no inter se relationship between Shri Sehara and other directors. He is not debarred from holding office by any SEBI order or other authority. A detailed profile will be submitted in due course.
This disclosure complies with Regulation 30 of the SEBI (LODR) Regulations, 2015.
Historical Stock Returns for Punjab National Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.07% | -0.13% | +1.78% | +1.55% | +12.05% | +211.19% |
How might Shri Divesh Sehara's background in the Department of Financial Services influence Punjab National Bank's strategic alignment with upcoming government financial reforms?
What specific governance or operational challenges at PNB is the Ministry of Finance likely aiming to address through this board-level appointment?
Could this leadership change signal broader shifts in how the government intends to manage non-performing assets in public sector banks?
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