Punjab National Bank has announced a significant senior management appointment, effective March 2, 2026. The bank disclosed the change under Regulation 30 of SEBI (LODR) Regulations, 2015, as part of its ongoing organizational restructuring.

Key Management Appointment

Shri Debasish Gangopadhyay has been appointed as Zonal Manager-GM at the Zonal Office in Guwahati. This appointment represents a strategic move in the bank's senior management structure.

Professional Background

Shri Debasish Gangopadhyay brings substantial experience and qualifications to his new role. His educational background includes a Master of Science degree and a diploma in Computer Management. He holds the Certified Associate of Indian Institute of Bankers (CAIIB) qualification, demonstrating his expertise in banking operations.

Key Qualifications:

• Master of Science degree
• Diploma in Computer Management
• Certified Associate of Indian Institute of Bankers (CAIIB)
• Over 25 years of experience in banking

Regulatory Compliance

The appointment was announced in compliance with SEBI regulations, specifically Regulation 30 of SEBI (LODR) Regulations, 2015. The disclosure follows sub clause 7 of Para A, Part A of Schedule III and adheres to the SEBI Circular dated January 30, 2026. This demonstrates Punjab National Bank's commitment to maintaining transparency in senior management changes and regulatory compliance.

The announcement was formally communicated by Company Secretary Bikramjit Shom on March 3, 2026, ensuring all stakeholders are informed of this important organizational development.

Punjab national bank has announced its decision to maintain all Marginal Cost of Funds Based Lending Rates (MCLR) unchanged effective March 1, 2026. The bank communicated this decision to stock exchanges on February 27, 2026, indicating stability in its lending rate structure.

MCLR Rate Structure Remains Stable

The bank's MCLR rates across all tenors will continue at their existing levels from March 1, 2026. The comprehensive rate structure demonstrates the bank's consistent approach to pricing its lending products based on current funding costs.

Other Key Lending Rates Maintained

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

Rate Structure Analysis

The unchanged rate structure shows a progressive increase across different tenors, with overnight rates starting at 7.95% and extending to 9.05% for three-year tenors. This tiered approach reflects the bank's risk assessment and funding cost considerations across various lending periods.

Regulatory Communication

The bank formally communicated this decision through Company Secretary Bikramjit Shom to both the National Stock Exchange of India Limited and BSE Limited. The notification ensures compliance with regulatory requirements for timely disclosure of interest rate changes to stakeholders and the investing public.