ACC Approves Ashok Chandra as MD & CEO of PNB and Binod Kumar as MD & CEO of Indian Bank.

Appointment

The Appointments Committee of the Cabinet (ACC) approved Ashok Chandra as MD & CEO of Punjab National Bank (PNB) and Binod Kumar as MD & CEO of Indian Bank (IB).


      - Both appointments are for a three-year tenure, effective upon assuming charge, with Binod Kumar's tenure extendable by two years after a performance review.

      - Ashok Chandra succeeds Atul Kumar Goel, while Binod Kumar takes over from Shanti Lal Jain, both of whom retired on December 31, 2024.

      - The appointments were recommended by the Financial Services Institutions Bureau (FSIB), chaired by Bhanu Pratap Sharma.

Main Point :-   (i) Ashok Chandra holds a postgraduate degree in Economics, began his banking career in 1991 with Corporation Bank, and served as Executive Director (ED) at Canara Bank Limited.

      (ii) Binod Kumar holds a Postgraduate Diploma in Banking & Finance from NIBM, is a Financial Risk Manager (FRM) certified by GARP, USA, and previously served as ED at PNB.

(iii) Both leaders are Certified Associates of the Indian Institute of Bankers (CAIIB).
About Punjab National Bank (PNB)

Established : 1894
Headquarters : New Delhi
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