New Delhi: Punjab National Bank (PNB) on Tuesday announced that the Government of India has approved the extension of M. Paramasivam’s tenure as Executive Director (ED) of the bank until March 31, 2027. The extension was confirmed through a notification issued by the Department of Financial Services (DFS), Ministry of Finance, dated September 15, 2025.
In a regulatory filing, PNB stated that Paramasivam’s current term, which was originally set to end on November 30, 2025, has now been extended until his superannuation on March 31, 2027, or until further orders—whichever comes earlier.
Veteran Banker with Over Three Decades of Experience
M. Paramasivam assumed charge as Executive Director of PNB on December 1, 2022. A graduate in agriculture and a seasoned banking professional, he brings over 34 years of experience in the public sector banking space.
He began his career in 1990 with Canara Bank as an Agricultural Extension Officer. Over the years, he has held key leadership positions including Regional Head, Circle Head, and Head of the Priority Credit Wing, gaining extensive experience in various functional areas of banking.
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Key Expertise Areas and Policy Contributions
Paramasivam is known for his domain expertise in:
- Branch operations
- Credit management
- Priority sector lending
- Foreign exchange
- Trade finance
- Regulatory compliance
He has also been closely associated with the government’s banking reform agenda. One of his notable achievements includes spearheading the launch of the FRUITS portal (Farmer Registration & Unified Beneficiary Information System) in collaboration with NABARD and the Karnataka government. The portal streamlines farmer data and enables efficient delivery of credit and subsidies.
In addition, he played a pivotal role in establishing five Agri Credit Centres under the EASE-3 (Enhanced Access and Service Excellence) reforms initiative, aimed at strengthening rural credit delivery mechanisms.
Strategic Continuity in PNB’s Leadership
The extension of Paramasivam’s tenure ensures continuity in senior leadership at PNB, India’s second-largest public sector bank by assets. The move is expected to bolster the bank’s ongoing digital transformation, credit outreach, and rural banking initiatives.
With India’s banking sector undergoing rapid changes in regulation, technology, and credit demand, experienced leadership like Paramasivam’s is seen as vital to ensuring stability, compliance, and innovation.
About PNB
Punjab National Bank (PNB), a leading nationalized bank under the Ministry of Finance, operates a vast network of branches and services across India. Established in 1894, PNB continues to play a pivotal role in advancing financial inclusion, empowering businesses, and supporting socio-economic transformation through strategic partnerships and initiatives.
