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Punjab & Sind Bank Announces Director Change

Story Highlights
  • Punjab & Sind Bank Ltd. has nominated Shri Shankar Lal Agarwal as a Part-Time Non-Official Director.
  • The Central Government’s decision reflects confidence in Agarwal, impacting the bank’s governance.
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Punjab & Sind Bank Announces Director Change

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Punjab & Sind Bank Ltd. ( (IN:PSB) ) just unveiled an update.

Punjab & Sind Bank Ltd. has announced a change in its board of directors with the nomination of Shri Shankar Lal Agarwal as a Part-Time Non-Official Director. This appointment, effective from April 11, 2025, is in accordance with the powers conferred by the Banking Companies Act and the Nationalised Banks Scheme. The Central Government’s decision to renominate Agarwal for a one-year term reflects its confidence in his capabilities, potentially impacting the bank’s governance and strategic direction.

More about Punjab & Sind Bank Ltd.

Punjab & Sind Bank Ltd. operates in the banking industry, providing a range of financial services and products. The bank focuses on serving the financial needs of individuals and businesses across India.

YTD Price Performance: -44.58%

Average Trading Volume: 269,601

Current Market Cap: 191.8B INR

For a thorough assessment of PSB stock, go to TipRanks’ Stock Analysis page.

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