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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.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
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