State-run Punjab National Bank has announced the appointment of Atul Kumar Goel as MD & CEO, effective February 1 2022. The Appointments Committee of the Cabinet (ACC) has approved the appointment, and according to a PNB statement, Goel will serve as its chief until December 31, 2024, when he attains the retirement age of 60.
In the interim, Goel, who was earlier the MD of Uco Bank, has joined PNB as Officer on Special Duty (OSD). He will replace Mallikarjuna Rao, the incumbent MD & CEO of PNB, who is due to demit office at the end of this month. Rao was given a three-month extension that will end on January 31.
Meanwhile, the ACC has appointed Soma Sankara Prasad, currently Deputy Managing Director at State Bank of India, as MD & CEO of UCO Bank.
Goel boasts of three decades of professional banking experience in UCO Bank, Union Bank of India and Indian Bank and has expertise in Treasury Management, Risk Management, as well as Financial Planning.