PNB Gilts RBI Approves Amit Srivastava Director

Key Developments and Approvals

• The Board of Directors, on the recommendation of the Nomination and Remuneration Committee, had initially approved the appointment of Sh. Amit Kumar Srivastava (DIN: 08099846), Executive Director of PNB, as Director (Non-Executive & Non-Independent) on August 7, 2026, subject to shareholder and RBI approval.
• Shareholders approved the appointment during the 30th Annual General Meeting held on September 28, 2026.
• RBI conveyed its approval for the appointment via communication dated October 9, 2026.
• The Board also approved Sh. Amit Kumar Srivastava's appointment as Chairman of the Board of Directors effective from his appointment date.

Effective Date and Tenure

Sh. Amit Kumar Srivastava's appointment as Director (Non-Executive & Non-Independent) and Chairman is effective from October 9, 2026 (date of RBI approval receipt). His term will not exceed 5 years or continue until whichever is earlier: the date he ceases to hold the position of Executive Director at PNB, or until further orders from the Government of India.