Banks Board Bureau recommends AK Goel for Managing Director’s post of Punjab National Bank

Punjab National Bank

Banks Board Bureau (BBB) on Wednesday recommended Atul Kumar Goel’s name as the Managing Director of Punjab National Bank.

As of now, Goel heads Kolkata-based UCO Bank, which was removed from Prompt Corrective Action (PCA) by the Reserve Bank of India, recently.

If positioned, he will be succeeding SS Mallikarjuna Rao, who was recently given an extension till January 2022.

BBB, the appointed agency for state-owned banks and financial institutions, interviewed 11 candidates for the post of MD and CEO of PNB – the country’s second-largest public sector lender.

“Keeping in view their performance at the interface, their overall experience and the extant parameters, the Bureau recommends Atul Kumar Goel for the position of MD and CEO of PNB,” said BBB said in a statement.

The incoming managing director and chief executive will be holding office for a tenure of three years from the date of entering office.

Also Read: Fisdom Private Wealth appoints Abhijit Bhave as CEO

The secretary of the Department of Financial Services, secretary of Department of Public Enterprises and the RBI deputy governor in charge of banking are associated with BBB.

Other part-time members are Vedika Bhandarkar, former managing director of Credit Suisse; P Pradeep Kumar, former managing director of SBI; and Pradip P Shah, founder managing director of rating agency Crisil.

The government approved the formation of BBB in 2016.

"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔

Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.