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ACC Approves Ashok Chandra as MD & CEO of PNB and Binod Kumar as MD & CEO of Indian Bank.

Appointment | Dated: 17 Jan 2025

The Appointments Committee of the Cabinet (ACC) approved Ashok Chandra as MD & CEO of Punjab National Bank (PNB) and Binod Kumar as MD & CEO of Indian Bank (IB).

🎯 Key Highlights:

  • - Both appointments are for a three-year tenure, effective upon assuming charge, with Binod Kumar's tenure extendable by two years after a performance review.
  • - Ashok Chandra succeeds Atul Kumar Goel, while Binod Kumar takes over from Shanti Lal Jain, both of whom retired on December 31, 2024.
  • - The appointments were recommended by the Financial Services Institutions Bureau (FSIB), chaired by Bhanu Pratap Sharma.

💡 Other Important Facts:

  • (i) Ashok Chandra holds a postgraduate degree in Economics, began his banking career in 1991 with Corporation Bank, and served as Executive Director (ED) at Canara Bank Limited.
  • (ii) Binod Kumar holds a Postgraduate Diploma in Banking & Finance from NIBM, is a Financial Risk Manager (FRM) certified by GARP, USA, and previously served as ED at PNB.
  • (iii) Both leaders are Certified Associates of the Indian Institute of Bankers (CAIIB).

📚 Test Your Knowledge:

Recently, who has been appointed as the MD & CEO of Punjab National Bank (PNB)?

Correct Answer: Ashok Chandra

🚀 Quick Recap:

About Punjab National Bank (PNB)

  • Established : 1894
  • Headquarters : New Delhi