PNB: Srivastava appointed Executive Director amid management shakeup

Punjab National Bank has announced the appointment of Amit Kumar Srivastava as an executive director on its board, effective November 24, 2025, for a three-year term. Srivastava, who previously served as the bank’s group chief risk officer and zonal manager for the Jodhpur Zone, will cease to be group chief risk officer upon assuming his new role. He brings over 31 years of banking experience, specializing in branch banking, treasury management, risk management, and credit review.

In related senior management changes, also effective November 24, 2025, Amresh Prasad, formerly cgm, Transaction Monitoring Division, Head Office, has been appointed as executive director at Union Bank of India. Additionally, Sunil Kumar Chugh, who was cgm, Zonal Manager, Zonal Office Hyderabad, has been appointed as executive director at Canara Bank.

These appointments and reassignments were made pursuant to powers conferred under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, and SEBI (LODR) Regulations, 2015, following notifications from the Department of Financial Services, Ministry of Finance.