Seven public sector banks get new executive directors after ACC approva

Seven public sector banks (PSBs), including Punjab National Bank, Canara Bank and Union Bank of India, have been allotted new Executive Directors (EDs) following approval by the Appointments Committee of the Cabinet (ACC). The appointments are based on proposals submitted by the Department of Financial Services for the elevation of senior Chief General Managers.

Amit Kumar Srivastava, Amresh Prasad and Sunil Kumar Chugh, currently Chief General Managers at Punjab National Bank, have been appointed as Executive Directors at Punjab National Bank, Union Bank of India and Canara Bank, respectively. E Ratan Kumar, CGM at Central Bank of India, and Pramod Kumar Dwibedi, CGM at Bank of India, have been elevated as EDs within their respective banks.

Mini T M, CGM at Bank of Baroda, has been appointed as Executive Director of Indian Bank, while Prabhat Kiran, CGM at Canara Bank, has been promoted as ED of Bank of Maharashtra.

The Financial Services Institutions Bureau (FSIB) had recommended 11 candidates in August 2025 for appointment as Executive Directors, subject to vacancy availability during the 2025–26 panel year. The candidates were shortlisted after interviews conducted between July 19 and August 4, 2025, involving around 80 senior officials from nationalised banks.

For more structured learning, please visit our website Smart Online Course, where we offer multiple courses to help you deepen your understanding of risk management.

#Bankingnews