Punjab National Bank has informed the Exchange regarding Change in Director(s) of the company.
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Punjab National Bank has informed the exchanges about a change in its Board of Directors. Shri D. Anandan, currently serving as Additional Secretary in the Government of India's Ministry of Finance (Department of Expenditure), has been nominated as a Director on the Bank's Board with immediate effect. He replaces Shri Pankaj Sharma, who has ceased to be a director upon this new appointment. The nomination was made by the Department of Financial Services, Ministry of Finance, under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and will remain until further orders.
This is a routine government-nominated director change at a public sector bank and is unlikely to have any material impact on the bank's operations or stock price. It reflects a standard administrative rotation of government-appointed nominee directors.