Mumbai: Punjab National Bank (PNB) has appointed Divesh Sehara, IAS (2005 Batch), as a Government of India Nominee Director on the Board of the bank with effect from September 10, 2026.
The appointment was intimated to the stock exchanges on September 11, 2026, in continuation of the bank’s earlier disclosure dated September 10. Sehara is currently serving as Joint Secretary in the Department of Financial Services (DFS), Ministry of Finance, Government of India.
Divesh Sehara Appointed Government Nominee Director on PNB Board
Divesh Sehara is a senior Indian Administrative Service officer from the 2005 batch of the Bihar cadre. He currently holds the position of Joint Secretary in the Department of Financial Services under the Ministry of Finance.
His appointment as Government of India Nominee Director places him on the Board of PNB as the government’s representative.
Key details of his profile include:
- Name: Divesh Sehara
- Service: Indian Administrative Service (IAS)
- Batch: 2005
- Cadre: Bihar
- Current Position: Joint Secretary, Department of Financial Services, Ministry of Finance
- New Role: Government of India Nominee Director, Punjab National Bank
- Effective Date: September 10, 2026
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Appointment in Line With Government Nominee Practice
The appointment is part of the Government of India’s practice of nominating senior officials to the boards of public sector banks.
As a senior official serving in the Department of Financial Services, Sehara brings experience in government administration and the financial services sector to his new role at PNB.
His presence on the bank’s Board is expected to support coordination between the government and the public sector banking institution and contribute to its governance and strategic oversight.
PNB Submits Regulatory Disclosure to BSE and NSE
Punjab National Bank has submitted the detailed profile and appointment-related information to the stock exchanges in compliance with the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The disclosure has been made under:
- Regulation 30, relating to disclosure of material events and information.
- Regulation 51, covering disclosure requirements applicable to listed entities.
The bank has also provided the required correspondence details as part of the regulatory filing.
Divesh Sehara Brings Administrative and Financial Experience
Divesh Sehara, as a 2005-batch IAS officer of the Bihar cadre, has extensive experience in government service.
His current responsibility as Joint Secretary in the Department of Financial Services places him in an important position within the Ministry of Finance, where the department deals with matters relating to the financial services sector, including public sector banks.
His appointment to the PNB Board is expected to add administrative and financial sector experience to the bank’s governance structure.
Government-PSB Coordination in Focus
The appointment also reflects the continued role of the Government of India in the governance of public sector banks.
The government maintains a significant stake and institutional interest in the functioning of public sector financial institutions. The presence of a senior government official on the Board can help strengthen coordination between policy priorities and the functioning of the bank.
For PNB, the appointment comes at a time when public sector banks continue to focus on strengthening governance, financial performance, digital transformation and alignment with broader national financial objectives.
About Punjab National Bank
Punjab National Bank (PNB) is one of India’s leading public sector banks, offering a wide range of banking and financial services to retail customers, businesses and institutions. Established in 1894, PNB has a large domestic network and provides services including deposits, loans, digital banking, corporate banking and other financial products. The bank is headquartered in New Delhi and operates as a major public sector banking institution in India.
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