PNB Appoints Shri Sushil Katara as Part-Time Non-Official Director
Punjab National Bank has appointed Shri Sushil Katara as a Part-Time Non-Official Director. The nomination is effective for three years from October 9, 2026. Shri Katara has no existing relationships with the bank's board members and is not debarred from directorship.
The addition of a director can influence board decisions and governance, potentially having a medium-term impact on strategic direction and oversight.
The appointment of a new director is a routine corporate governance event and does not inherently suggest a positive or negative change in the bank's performance or outlook.
Punjab National Bank (PNB) has announced the nomination of Shri Sushil Katara as a Part-Time Non-Official Director on its Board.
This nomination was made by the Department of Financial Services, Ministry of Finance, Government of India, in accordance with the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Sushil Katara's appointment is effective for a period of three years from October 9, 2026, or until further orders.
Shri Sushil Katara has no inter se relationship with any other Director of the Bank and is not disqualified from holding the office of Director by any authority. A brief profile of Shri Sushil Katara will be submitted separately.
What to do with a filing like this
Punjab National Bank filed this with the NSE as a statutory disclosure, categorised under board changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Punjab National Bank. Read the original for the full detail.