New Delhi: Punjab & Sind Bank has appointed Mr. Kristam Subba Raju Guptha as a Part-Time Non-Official Director on its Board.
The appointment was made by the Central Government through a notification dated August 12, 2026, under the applicable provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
Punjab & Sind Bank Board Appointment Details
The Central Government nominated Mr. Kristam Subba Raju Guptha under Clause (h) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
Key details of the appointment are:
- Name: Mr. Kristam Subba Raju Guptha
- Position: Part-Time Non-Official Director
- Appointment Authority: Central Government
- Notification Date: August 12, 2026
- Tenure: Three years from the date of notification
- Term: Three years or until further orders, whichever is earlier
- Notification: eF.No.6/2(iv)/2026-BO-I
The appointment has been disclosed by the bank through an exchange filing.
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Director Appointment to Strengthen Bank’s Board
The nomination of Kristam Subba Raju Guptha adds a Part-Time Non-Official Director to the Board of Punjab & Sind Bank.
Such government-nominated appointments form part of the governance structure of public sector banks and are aimed at bringing wider experience and perspectives to Board-level discussions.
The bank has also disclosed that there is no relationship between the newly appointed director and the existing members of the Board.
Punjab & Sind Bank Shares in Focus
Following the development, shares of Punjab & Sind Bank were trading marginally higher.
As per the information provided, the stock was trading at ₹23.75 per share on the BSE, up 0.084%.
The appointment was disclosed to the stock exchanges as part of the bank’s regulatory compliance.
Regulatory Basis of the Appointment
The appointment has been made under the powers granted to the Central Government by the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980.
The government notification specifies that Guptha will serve for three years from the date of notification or until further orders, whichever is earlier.
About Punjab & Sind Bank
Punjab & Sind Bank is one of India’s prominent nationalized public sector banks, with a network of 1,610 branches and 28 Zonal Offices across urban and rural markets. The bank has played a significant role in expanding financial inclusion and strengthening digital banking infrastructure in India. It continues to invest in advanced technology platforms to support secure, scalable, and customer-centric banking services.
