Punjab National Bank announced that Atul Kumar Goel has assumed the charge of Managing Director and Chief Executive Officer of the bank, effective February 1, 2022.
According to the Bank’s exchange filing, “Further to our intimation dated 01.01.2022, the Exchange is hereby informed that pursuant to Department of Financial Services, Ministry of Finance, Government of India Notification no. eF.No.4/1/2021-BO.I dated 28th December, 2021, Shri Atul Kumar Goel has assumed office as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank with effect from 01.02.2022.”
Goel was appointed as Officer on Special Duty (OSD) of Punjab National Bank on 01.01.2022. Prior to this, he was holding the position of Managing Director & CEO of UCO Bank since 02.11.2018. Before his elevation as MD & CEO of UCO Bank, he was Executive Director in Union Bank of India w.e.f. 15.09.2016 to 01.11.2018.
Goel is having around three decades of Professional Banking Experience in three Banks viz. Allahabad Bank (now Indian Bank), Union Bank of India & UCO Bank. As a qualified Chartered Accountant, he has vast experience, exposure & expertise in all major areas of banking including Large Corporate, Treasury Management, Risk Management; Financial Planning & Investor Relations apart from Support Service, Business Process Transformation, Compliance etc.
As a Managing Director & Chief Executive Officer of UCO Bank, he envisioned UCO Bank to be one of the leading Banks in India and was instrumental in bringing the Bank back to profitability in FY 2020-21 after 5 years of consecutive losses. While working as Executive Director at Union Bank of India, his contribution to Large Corporate and Balance sheet Management was immeasurable through his rich knowledge and experience.
He served as Director on the Boards of Star Union Dai-ichi Life Insurance Co. Ltd. & Union Trustee Company Private Limited. Goel joined Allahabad Bank (now Indian Bank), on 27.03.1992 as a Chartered Accountant in Specialist Officer in Scale II and was elevated up to the level of General Manager. He has handled key areas covering vast spectrum of banking operations, most importantly as Chief Financial Officer (CFO). He also headed the Mumbai Zone of Allahabad Bank (now Indian Bank). He served as Director of All Bank Finance Limited.
Goel has attended prestigious training programme conducted by NIBM Pune, IMT Delhi. He has also undergone training programme held abroad conducted under aegis of CAFRAL. Earlier, he was the Chairman of Standing Committee on Accounting Standards & Taxation & also Standing Committee on Retail Banking of Indian Banks’ Association (IBA).
On 14th October 2021, Managing Committee of IBA elected Goel as Chairman of IBA. He is also the member of Governing Council & Chairman of Executive Committee of Indian Institute of Banking & Finance (IIBF).
