Will take charge as MD and CEO from
01.02.2022
Mumbai, January
1, 2022: Shri Atul Kumar Goel joins the Bank today
and will serve as Officer on Special Duty (OSD) in PNB until the end of this
month/ January 2022. He is slated to take over as the new MD and CEO of Punjab
National Bank (PNB) with effect from 01.02.2022.
As approved by
the Appointments Committee of the Cabinet (ACC), Shri Goel, who was till now the
MD and CEO of UCO Bank, will serve as PNB chief up to the date of his attaining
the age of superannuation (i.e., 31.12.2024), or until further orders,
whichever is earlier.
Shri Goel will
replace Shri CH. S.S. Mallikarjuna Rao, incumbent MD & CEO of PNB, who is
due to demit office at the end of January 2022.
Shri Goel has
around three decades of professional banking experience in three banks viz.
Allahabad Bank (now Indian Bank), Union Bank of India and UCO Bank. He is a
qualified Chartered Accountant and has vast experience, exposure and 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.
He is also at
the helm as Chairman of the Indian Bank's Association (IBA) for 2021-22. Additionally,
he is a Director on the Board of The New India Assurance Co. Ltd. He is also a
member of Governing Council & Chairman of the Executive Committee of the
Indian Institute of Banking & Finance (IIBF).
As an MD and CEO
of UCO Bank, Shri Goel was instrumental in the complete turnaround of the Bank
and bringing it back to profitability in FY 2020-21 after five years of
consecutive losses.
Before UCO Bank,
Shri Goel worked as Executive Director at Union Bank of India (UBI). His rich
knowledge and experience contributed towards Large Corporate Credit and Balance
Sheet Management at UBI, which is immeasurable. He served as Director on the
Boards of Star Union Dai-ichi Life Insurance Co. Ltd. and Union Trustee Company
Private Limited.
Shri Goel began
his banking career with Allahabad Bank (now Indian Bank) on 27.03.1992 as a
Chartered Accountant in Specialist Officer in Scale II and got elevated up to
the level of General Manager. He handled key areas covering a vast spectrum of
banking operations, most notably as Chief Financial Officer (CFO). During his
tenure at Allahabad Bank, he headed the Mumbai Zone and served as Director of
All Bank Finance Limited.
Earlier, he was
the Chairman of the Standing Committee on Accounting Standards & Taxation
and the Standing Committee on Retail Banking of IBA as well.
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