New Delhi: S Krishnan has taken over as Managing Director & Chief Executive Officer (MD & CEO) of Punjab & Sind Bank. This information has been shared by the Public lander during a regulatory filing to the stock exchange on Saturday. Krishnan took charge on Friday, September 4. Prior to this, he was serving as Executive Director at Canara Bank.
S Krishnan is a post-graduate in commerce and a qualified Cost Accountant (ICMA). He is also a Certified Associate of Indian Institute of Bankers (CAIIB). He joined the services of Indian Bank in January 1983. The career banker with over thirty years of banking experience has specialization in credit, more specifically corporate credit. Previously, he had served as the Executive Director of Syndicate Bank from November 2017 to March 2020 and executive director of Canara Bank from April 2020 to September 3, 2020.
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. In 1991 Bank of Baroda acquired Punjab & Sind Bank's London branch at the behest of the Reserve Bank of India following Punjab & Sind's involvement in the Sethia fraud in 1987.
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