ACC Approves 7 EDs Appointments Across Public Service Banks

Current Context: The Appointments Committee of the Cabinet (ACC) approved the appointment of seven new Executive Directors (EDs) across major Public Sector Banks on 21 November 2025.

• The Department of Financial Services (DFS) issued the official notification of these appointments on 24 November 2025.
• The banks covered include Punjab National Bank, Central Bank of India, Union Bank of India, Bank of India, Canara Bank, Indian Bank, and Bank of Maharashtra.

Key appointees are:

• Amit Kumar Srivastava → Executive Director, Punjab National Bank (PNB)
• E. Ratan Kumar → Executive Director, Central Bank of India (CBI)
• Amresh Prasad → Executive Director, Union Bank of India (UBI)
• Pramod Kumar Dwibedi → Executive Director, Bank of India (BOI)
• Sunil Kumar Chugh → Executive Director, Canara Bank
• Senior CGM (name notified) → Executive Director, Indian Bank
• Senior CGM (name notified) → Executive Director, Bank of Maharashtra (BoM)

These appointments were recommended by the Financial Services Institutions Bureau (FSIB) for the panel year 2025–26.
It also supports India’s broader agenda of financial stability and banking reforms.

Question:

Q.1 Amit Kumar Srivastava was appointed as Executive Director of which Public Sector Bank?
a) Union Bank of India
b) Punjab National Bank
c) Bank of Maharashtra
d) Canara Bank

Answer: b) Amit Kumar Srivastava was appointed as ED of Punjab National Bank.