Ashok Chandra Assumes Charge as MD and CEO of Punjab National Bank

Ashok Chandra assumed charge as Managing Director and Chief Executive Officer of Punjab National Bank on 16 January 2025, taking the helm of India's second-largest public sector bank by business volume. Chandra brings more than 33 years of experience in the banking industry to the role.

PNB is headquartered in New Delhi.

APPOINTMENT AND BACKGROUND

Public sector bank leadership in India is governed by a combination of government nomination processes and selection by the Financial Services Institutions Bureau (FSIB), which replaced the Banks Board Bureau in 2022.

An amalgamation in 2020 brought together PNB, Oriental Bank of Commerce, and United Bank of India under a single entity.