Punjab National Bank has informed the Exchange regarding Cessation of Mr K G Ananthakrishnan as Part- Time Non Official Director and Non-Executive Chairman of the company w.e.f. November 06, 2025.
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Punjab National Bank has informed the stock exchange that Mr. K G Ananthakrishnan has ceased to hold the position of Part-Time Non-Official Director and Non-Executive Chairman of the bank, effective November 06, 2025. The announcement does not specify the reason for the cessation, such as completion of tenure, resignation, or any other cause. The bank has not announced a successor in this filing. This is a board-level leadership change at one of India's largest public sector banks.
Short-term impact on the stock is expected to be limited, as the day-to-day operations of PNB are managed by the Managing Director & CEO, not the Non-Executive Chairman. However, investors should watch for the appointment of a new Chairman, as the role is important for board-level governance and strategic oversight, especially for a large PSU bank.