New Delhi: RV Kollegal has been appointed as Executive Director in the Punjab & Sind Bank. According to a notification from the Department of Financial Services, Kollegal has been appointed to the post for a period of three years with effect from the date of assumption of charge of office i.e. March 10, or until further orders, whichever is earlier. Earlier, he was serving as General Manager & Chief Financial Officer in the Bank of India.
Kollegal is a law graduate. He is also a Certified Associate of the Indian Institute of Bankers. He has a wide experience of over 38 years in the banking industry. He has worked in all formats of banking including overseas branches in Hong Kong. He has also worked as Chairman of Narmada Jhabua Gramin Bank, a Bank of India sponsored regional rural bank (RRB).
Punjab & Sind Bank is a government-owned bank, with headquarters in New Delhi. The bank has overall 1,559 branches which are widely spread across India, out of which 623 branches are in Punjab state. On 24 June 1908, Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh established Punjab & Sind Bank. On 15 April 1980 Punjab & Sind Bank was among six banks that the Government of India nationalised in the second wave of nationalisations. In the 1960s Punjab & Sind Bank established a branch in London.
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