BSEMediumNeutral
Announced Sun, 13 Apr · 23:07 IST
Change in Directors
Management Changes View source PDF
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Punjab & Sind Bank (PSB) has informed stock exchanges about the renomination of Shri Shankar Lal Agarwal as a Part-Time Non-Official Director on its Board. The appointment was made by the Central Government via a notification dated 11.04.2025, under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980. His tenure is for 1 year from the date of notification or until further orders. A brief profile will be submitted separately, and he is not debarred by SEBI or any other authority.
Likely market impact
This is a routine government-led renomination of a non-official director in a public sector bank and is unlikely to have any material impact on the stock price or shareholder value.