Punjab National Bank announced the appointment of Kalyan Kumar as the Executive Director of the bank, effective October 21, 2021.
According to the Bank’s exchange filing, “The Exchange is hereby informed that Shri Kalyan Kumar has been appointed as Executive Director of the Bank under Section 9(3)(a) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, in terms of Department of Financial Services, Ministry of Finance, Government of India notification eF.No. 4/2/2021-BO.I dated 21.10.2021 for a period of three years with effect from the date of assumption of office (i.e. 21.10.2021), or until further orders, whichever is earlier.”
Kalyan Kumar, a Post-graduate in science from Rajendra Prasad Agriculture University, Pusa, is also a Certified Associate member of Indian Institute of Bankers (CAIIB) and holds various certifications in Trade Finance, IT Security and KYC – AML from Indian Institute of Banking & Finance (IIBF). He is Certified Forensic Accountant with certification from International Forensic Sciences.
Kumar started his journey in Union Bank of India as Rural Development officer in the year 1995 and has served the bank for last 26 years in various capacities as Branch Head of VLBs, as faculty at Staff Training Centres, Staff College Principal, stint in Vigilance and Business Process Transformation and Amalgamation Management at Corporate Office and lastly headed as CGM HR of Union Bank of India.
His experience and contribution is spread across multiple domains of Branch Banking, Credit and MSME, Vigilance, Business Process Re-Engineering and Analytics, Amalgamation Management and Human Resource Management including Learning and Development and Talent Management, the statement said.
The successful amalgamation of Andhra Bank and Corporation Bank with Union Bank of India was steered under his supervision and control, a statement said.
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