Government appoints new chairman & MD to Punjab national Bank

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Updated: 29/10/2009 | 12:00 AM IST

Banking

Capital Market

Thursday, October 29, 2009 (New Delhi)

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With effect from 28 October 2009

Punjab National Bank has announced that K R Kamath, has been appointed as chairman and managing director (MD) of the Bank by Government of India, Ministry of Finance, Deptt. Of Economic Affairs (Banking Division) vide notification dated 27 October 2009 for a period of 5 years from the date of taking charge and / or until further orders, whichever is earlier. Accordingly, K R Kamath has taken charge of chairman and managing director on 28 October 2009.

The bank made this announcement after the trading hours on 28 October 2009.