Punjab National Bank (PNB) has announced significant changes in its senior management, with two of its top executives moving to executive director positions at other public sector banks. The appointments, effective November 24, 2025, mark a notable shift in the leadership landscape of India's banking sector.

Key Appointments

Regulatory Compliance

The bank made this announcement in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015, read with sub-clause 7 of Para A, Part A of Schedule III and SEBI Circular dated November 11, 2024. The changes were also in line with the Department of Financial Services (DFS) Notification No. eF.No.4/4(iii)/2024-BO.1 dated November 24, 2025.

Implications for the Banking Sector

These appointments reflect the ongoing efforts to strengthen the leadership teams across public sector banks in India. By moving seasoned executives from one bank to another, the sector aims to foster cross-pollination of ideas and strategies, potentially leading to improved operational efficiencies and innovative banking practices.

The transition of these senior officials from Chief General Manager roles at Punjab National Bank to Executive Director positions at Union Bank of India and Canara Bank signifies a step up in their careers and responsibilities. This move is likely to bring fresh perspectives to their new organizations while leveraging their extensive experience in the banking sector.

As the Indian banking landscape continues to evolve, such strategic movements of top-tier executives are expected to play a crucial role in shaping the future of public sector banks, enhancing their competitiveness, and improving their overall performance in the dynamic financial market.

Punjab National Bank (PNB), one of India's leading public sector banks, has announced a significant change in its top leadership. The bank has appointed Amit Kumar Srivastava as its new Executive Director for a term of three years, effective November 24, 2025. This appointment comes following a government notification under the Banking Companies Act.

Appointment Details

• Name: Amit Kumar Srivastava
• Position: Executive Director
• Tenure: Three years
• Effective Date: November 24, 2025
• Previous Role: Group Chief Risk Officer, PNB

Professional Background

Amit Kumar Srivastava brings a wealth of experience to his new role:

• Over 31 years of diverse banking experience
• Expertise in various banking areas including:
  • Branch Banking
  • Treasury Management
  • Risk Management

Educational Qualifications

Srivastava's educational background includes:

• Master of Science from Banaras Hindu University
• Post Graduate Diploma in Treasury and Forex Management from ICFAI
• Certified Associate Member of Indian Institute of Bankers (CAIIB)
• Certifications in Sustainability and Climate Risk (SCR) from GARP (USA)
• Professional Risk Manager certification

Career Highlights

• Started banking career in 1994 as a Management Trainee in erstwhile Oriental Bank of Commerce
• Served as Zonal Manager of PNB's Jodhpur Zone
• Most recently held the position of Group Chief Risk Officer at PNB

Bank's Financial Position

As Srivastava takes on this new role, it's worth noting PNB's current financial standing based on the latest available data:

The appointment of Amit Kumar Srivastava as Executive Director comes at a time when PNB has shown significant growth across key financial metrics. His extensive experience in risk management and various banking operations could prove valuable in steering the bank through the evolving financial landscape.

As Punjab National Bank continues to strengthen its position in the Indian banking sector, Srivastava's leadership will be crucial in navigating challenges and capitalizing on opportunities in the coming years.