ACC Approves New Executive Directors Across 7 Public Sector Banks, Including PNB, Central Bank & More

The Appointments Committee of the Cabinet (ACC) has approved a new round of top-level appointments across major public sector banks, elevating seven Chief General Managers (CGMs) to the position of Executive Director (ED). 

The Department of Financial Services (DFS) announced that the appointments are effective upon the officials assuming charge, with most carrying a standard three-year tenure unless ending earlier due to superannuation.

Appointments Across PNB, Central Bank, Union Bank, Canara Bank and Others

At Punjab National Bank, Amit Kumar Srivastava, currently serving as CGM, has been appointed Executive Director for a term of three years. Additionally, PNB’s Amresh Prasad has been selected as Executive Director at Union Bank of India, where he will serve until 31 October 2028.

At the Central Bank of India, E. Ratan Kumar has been appointed Executive Director for a three-year term or until further orders. Over at Bank of India, Pramod Kumar Dwibedi will assume charge as Executive Director and serve until his superannuation on 30 June 2028.

The ACC has also cleared the appointment of Sunil Kumar Chugh, CGM at PNB, as Executive Director at Canara Bank for three years. Meanwhile, Bank of Baroda’s Mini T M has been appointed Executive Director at Indian Bank. Rounding off the list, Prabhat Kiran of Canara Bank will take over as Executive Director at the Bank of Maharashtra, also for a three-year period.

Also Read: RBI Governor Hints at Scope for Further Rate Cuts as Inflation Drops to Record Low!

Conclusion

The latest appointments reinforce leadership stability across India’s public sector banking ecosystem. By elevating experienced CGMs to ED roles, the government aims to strengthen governance, operational efficiency and strategic execution within key banks, supporting the financial sector’s ongoing reforms and growth objectives.

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