The Appointments Committee of the Cabinet names Atul Kumar Goel as new MD & CEO of Punjab National Bank, effective from February 1, 2022. He will function as PNB Chief till December 31, 2024, which is his attaining the superannuation age.
The government of India would take the final call on the appointment.
Currently, he is Managing Director and CEO for UCO Bank as office on special duty in Punjab National Bank. He will function as Officer on Special Duty (OSD) in PNB, which is the nation’s second-largest public sector financial institution, till January 31, 2022.
Goel will replace Mallikarjuna Rao, incumbent MD & CEO of PNB, who is because of demit workplace on the finish of January 2022. Rao was given a three-month extension that may finish on January 31, 2022.
The Appointments Committee of the Cabinet (ACC) has also cleared name of Soma Sankara Prasad, currently Deputy Managing Director, State Bank of India, as Managing Director and Chief Executive Officer in UCO Bank, with effect from the date on which Atul Kumar Goel demits the same.