PNB Extends Shri M. Paramasivam’s Term as Executive Director

PNB Extends Shri M. Paramasivam's Term as Executive Director

On 15 September 2025, Punjab National Bank (PNB) confirmed the extension of Shri M. Paramasivam’s tenure as its Executive Director. The decision, approved by the Department of Financial Services, Ministry of Finance, ensures leadership continuity at one of India’s largest public sector banks.

Tenure Extension Details

Shri M. Paramasivam’s extended term is,

Effective Date: September 15, 2025
Extended Till: March 31, 2027 (date of superannuation)
Or until further orders, whichever is earlier

The extension was formalized through Government Notification No. eF.no.4/4(vi)/2024-BO.I, issued by the Ministry of Finance.

Background: Shri M. Paramasivam’s Role

As Executive Director of PNB, Shri M. Paramasivam has been responsible for,

Overseeing critical banking operations and policy implementation
Strengthening corporate governance and compliance
Driving credit growth and customer outreach strategies

His leadership has contributed to PNB’s efforts in improving asset quality, expanding digital infrastructure, and aligning with government financial inclusion schemes.

Significance for Banking Governance

This extension comes at a time when,

Public sector banks (PSBs) are under pressure to perform post-consolidation
There is a continued focus on leadership stability to implement long-term reform strategies
The banking sector is navigating challenges from global economic trends, credit growth cycles, and regulatory changes

Having an experienced hand like Shri Paramasivam at the helm supports PNB’s roadmap for transformation and resilience.

Government’s Role in Appointments

As per standard procedure for PSBs, Executive Director appointments and extensions are,

Decided by the Appointments Committee of the Cabinet (ACC)
Implemented via the Department of Financial Services (DFS)
Based on performance reviews, strategic needs, and leadership pipeline availability

The extension reaffirms the government’s confidence in Shri Paramasivam’s ability to support the bank’s strategic goals.