Swarup Kumar Saha gets 2-year extension as MD & CEO of Punjab & Sind Bank; to continue till February 2027
Swarup Kumar Saha gets 2-year extension as MD & CEO of Punjab & Sind Bank; to continue till February 2027
Swarup Kumar Saha's term as MD & CEO of Punjab & Sind Bank has been extended by two years, allowing him to continue until February 2027. Under his leadership, the bank has seen transformative changes, focusing on asset quality, technology, and growth in retail and MSME lending. The extension was granted under the Banking Companies Act, emphasizing his role in steering the bank's progress.
With the extension, the 1967-born Saha will continue to lead the bank until the date of his superannuation.
The central government has extended the tenure of Punjab & Sind Bank Managing Director and Chief Executive Officer (MD & CEO), Swarup Kumar Saha, till February 28, 2027, the Department of Financial Services under the Ministry of Finance said in a notification.
His term was to end on June 2. With the extension, the 1967-born Saha will continue to lead the bank until the date of his superannuation. After being appointed to the helm, Saha has been steering Punjab & Sind Bank through a transformative period, focusing on improving asset quality, boosting technology adoption, and driving growth in retail and MSME lending.
His extension comes under the powers conferred by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
Punjab & Sind Bank is one of the oldest nationalised banks in India with its headquarters in New Delhi. It has a strong presence in northern India and has been focusing on financial inclusion, expanding rural outreach, and enhancing customer services through digital initiatives in recent years.
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