Punjab National Bank and Indian Bank Appoint New CEOs
The government has appointed Ashok Chandra as the Managing Director (MD) and Chief Executive Officer (CEO) of Punjab National Bank (PNB) and Binod Kumar as the MD and CEO of Indian Bank. Both have assumed their roles today.
Before these appointments, Chandra served as an executive director at Canara Bank, while Kumar held the position of executive director at PNB.
Kumar (55) has been given a three-year term and will be eligible for an extension of up to two more years, following a performance review. Chandra (57) has also been appointed for a three-year term.
Kumar has held various key positions at PNB, including Chief General Manager (Corporate Credit), Zonal Manager, and CEO of PNB Operations at the Dubai International Financial Centre. Kumar began his banking career at PNB as a management trainee in 1994 and was elevated to the position of executive director in November 2022.
Chandra, who was appointed executive director at Canara Bank in November 2022, managed several key areas, including digital banking, information technology, strategy and planning, marketing and PR, financial inclusion, MSMEs, retail assets, agriculture, and priority sectors.
He began his banking career in September 1991 at the former Corporation Bank as a probationary officer.
The leadership positions at PNB and Indian Bank became vacant after Atul Kumar Goel's and SL Jain's tenures ended on December 31.