Punjab National Bank has informed the Exchange about change in Management
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Punjab National Bank has informed the stock exchanges about changes in senior management effective November 1, 2025. Mousumi Majumdar has been promoted from General Manager to Chief General Manager in the Credit Review and Monitoring Division at Head Office; she is a B.Sc. in Chemistry and CAIIB-certified with over 33 years of banking experience. NVSP Reddy has been reassigned from General Manager and Executive Secretary to the MD & CEO to Deputy General Manager, Board & Coordination Division at Head Office; he is a B.E. in Mechanical Engineering and CAIIB-certified with over 29 years of experience. Both are internal movements within the bank's existing senior management cadre and not external hires or resignations.
This is a routine internal reshuffle of senior management and is unlikely to have any material impact on the bank's operations or stock price. Shareholders should note these are career progression and lateral movements within the existing pool of PNB officers.