Mallikarjuna Rao appointed as Punjab National Bank’s new MD: 03.10.2019

इलाहाबाद बैंक के एमडी मल्लिकार्जुन राव पीएनबी के एमडी व सीईओ नियुक्त

Points to Remember:

  • SS Mallikarjuna Rao has been appointed as Punjab National Bank’s CEO and MD for up to September 18, 2021.
  • Rao has previously served as the MD of Allahabad Bank and Executive Director of Syndicate Bank.
  • He will replace Sunil Mehta in PNB, which is currently under a process of three-way amalgamation with Oriental Bank of Commerce (OBC) and United Bank of India
  • The government announced the merger of United Bank of India and Oriental Bank of Commerce with Punjab National Bank in August.

About Punjab National Bank:

  • Founded: 19 May 1894
  • Founder: Dyal Singh Majithia, Lala Lajpat Rai
  • Headquarters: New Delhi, India
Important Possible questions based on above News:
  1. Who has been appointed as Punjab National Bank’s CEO and MD for up to September 18, 2021? SS Mallikarjuna Rao
  2. Which three banks will be merged into a sole entity to form the second-largest public sector bank of India? United Bank, PNB & OBC

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