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.

Punjab National Bank (PNB), one of India's leading public sector banks, has received a significant boost to its credit profile. Moody's Rating Agency has upgraded PNB's Baseline Credit Assessment (BCA) and Adjusted Baseline Credit Assessment by one notch, following the adoption of a new methodology for bank ratings globally.

Key Rating Upgrades

The revised ratings for Punjab National Bank include:

The outlook for these ratings remains stable, indicating Moody's confidence in the bank's financial stability.

Implications of the Upgrade

This upgrade in PNB's credit ratings is a positive development for the bank. It suggests:

1. Improved Financial Health: The higher BCA indicates that Moody's perceives an improvement in PNB's standalone financial strength.
2. Enhanced Creditworthiness: The upgrade in Counterparty Risk Rating and Bank Deposits rating to Baa3/P-3 suggests enhanced creditworthiness, which could potentially lead to better terms in interbank lending and international transactions.
3. Positive Market Perception: Such upgrades often lead to improved market perception, potentially benefiting the bank's stock performance and ability to raise capital.

Global Context

It's important to note that this upgrade comes as part of Moody's adoption of a new methodology for bank ratings globally. This suggests that the rating agency may be recalibrating its assessment criteria for banks worldwide, taking into account evolving financial landscapes and risk factors.

Outlook

With a stable outlook accompanying these upgraded ratings, Moody's signals its expectation that PNB's financial profile will remain consistent with its new ratings in the near to medium term. However, as with all credit ratings, these are subject to periodic review and may change based on future performance and market conditions.

Investors and stakeholders in Punjab National Bank should view this upgrade as a positive indicator of the bank's financial health, while continuing to monitor its performance and the broader banking sector trends.