The Banks Board Bureau ((BBB), an autonomous body of the Indian government, has recommended Atul Kumar Goel for the position of managing director (MD) and chief executive officer (CEO) of Punjab National Bank (PNB). Ajay Kumar Srivastava is the candidate on the reserve list for these posts, BBB says.
In a release, BBB says, "Banks Board Bureau interfaced with 11 candidates on 8 September 2021 for the forthcoming position of MD & CEO of Punjab National Bank. Keeping in view their performance in the interface, their overall experience and the extant parameters, the Bureau recommends Atul Kumar Goel for the post and Ajay Kumar Srivastava as reserve candidate."
Mr Goel is MD, CEO and executive director of UCO Bank. A member of the Institute of Chartered Accountants of India (ICAI), he is also on the boards of Star Union Daichi Life Insurance Co Ltd, The New India Assurance Co Ltd and Union Trustee Co Pvt Ltd.
Earlier, Mr Goel had worked at Allahabad Bank as chief finance officer (CFO), compliance officer and head for investor relations.
Ajay Kumar Srivastava is the executive director of Indian Overseas Bank.
Last month, the Appointments Committee of the Cabinet (ACC) approved a term extension till 31 January 2022 to Ch SS Mallikarjuna Rao, the incumbent MD & CEO of PNB who was due to retire 18 September 2021.
Before joining PNB in 2019, he was MD & CEO of Allahabad Bank for about one year.
Established in 1894, Punjab National Bank is the second-largest public-sector bank (PSB) in the country. After the amalgamation of Oriental Bank of Commerce and United Bank of India, PNB has a network of over 10,760 branches, 1,03,000 employees and a global business of around Rs18.46 lakh crore.
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