Punjab & Sind Bank extends Ravi Mehra's tenure till December 31, 2026

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Reviewed by
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Key Highlights
  • Punjab & Sind Bank's Executive Director Ravi Mehra has received a tenure extension beyond his earlier term ending October 8, 2026
  • The extended tenure runs till December 31, 2026, or until further orders, whichever is earlier
  • The extension was granted by the Department of Financial Services, Ministry of Finance, Government of India vide Notification No. eF.No.4/1(v)/2025-BO.I dated September 23, 2026
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Punjab & Sind Bank has extended the tenure of Ravi Mehra as Executive Director till December 31, 2026, or until further orders, whichever is earlier.

Tenure extension details

The Department of Financial Services, Ministry of Finance, Government of India, issued Notification No. eF.No.4/1(v)/2025-BO.I dated September 23, 2026, extending Ravi Mehra's tenure beyond his previously notified term, which was set to end on October 8, 2026. The extension is valid till the date of his superannuation, i.e., December 31, 2026, or until further orders, whichever is earlier.

The key details of the extension are summarised below:

Parameter Details
Executive Director Ravi Mehra
Previous term end date October 8, 2026
Extended tenure end date December 31, 2026
Basis of extension Superannuation or further orders, whichever is earlier
Notification number eF.No.4/1(v)/2025-BO.I
Notification date September 23, 2026
Issuing authority Department of Financial Services, Ministry of Finance, Government of India

The disclosure was filed by Saket Mehrotra, Company Secretary of Punjab & Sind Bank, on September 23, 2026.

Historical Stock Returns for Punjab & Sind Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%-1.25%-5.80%-3.75%-26.43%+29.24%

Who is the likely successor to Ravi Mehra as Executive Director at Punjab & Sind Bank following his superannuation in December 2026?

How might the short-term leadership continuity impact Punjab & Sind Bank's ongoing strategic initiatives and risk management frameworks?

What are the implications of this tenure extension for the bank's compliance with RBI's guidelines on executive director tenures?

Punjab & Sind Bank receives notice of all-India bank union strike

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • Punjab & Sind Bank received notice of an all-India strike from United Forum of Bank Unions
  • Strike dates are scheduled for September 28 to September 30, 2026
  • Bank states it is taking steps for smooth functioning but warns of possible disruption
  • Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
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Punjab & Sind Bank has received a formal notice regarding a proposed all-India strike by the United Forum of Bank Unions, scheduled for September 28 to September 30, 2026. The bank acknowledged the potential impact on branch and office operations during this period.

The notice was served by a coalition comprising AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBEF, and INBOC. The strike is proposed in response to various issues and demands raised by the unions.

Operational Continuity Measures

The bank stated that it is taking necessary steps to ensure the smooth functioning of its branches and offices on the days of the strike. However, it cautioned that if the strike materializes, the functioning of these locations may be affected.

This disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The communication was signed by Saket Mehrotra, Company Secretary, on September 22, 2026.

Historical Stock Returns for Punjab & Sind Bank

1 Day5 Days1 Month6 Months1 Year5 Years
+0.78%-1.25%-5.80%-3.75%-26.43%+29.24%

What specific unresolved labor demands are driving the United Forum of Bank Unions to schedule a three-day strike in late September 2026?

How might the proposed strike impact Punjab & Sind Bank's quarterly operational metrics and customer retention rates if branch closures persist?

Are other major public sector banks also receiving similar notices, indicating a systemic risk to the broader Indian banking sector's liquidity and service continuity?

More News on Punjab & Sind Bank

1 Year Returns:-26.43%