Punjab National Bank has informed the Exchange regarding Cessation of Mr Kalyan Kumar as Executive Director of the company w.e.f. September 30, 2025.
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Punjab National Bank has informed exchanges that Mr. Kalyan Kumar ceased to be the Executive Director of the bank with effect from September 30, 2025. The change is pursuant to a Government of India notification from the Department of Financial Services, under which he has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Central Bank of India. The disclosure has been made under SEBI LODR Regulation 30. The transition is essentially a lateral move within the public sector banking ecosystem rather than a resignation.
This is a routine senior-level transition driven by a government appointment, not a voluntary exit. Shareholders should note that PNB will need to fill the Executive Director position, but the move reflects a career progression for the official rather than any governance or performance issue at PNB. Likely minimal impact on the stock.