Punjab National Bank (PNB) has announced the nomination of Shri Divesh Sehara as a new Director on its Board. This appointment is effective immediately and is made under the provisions of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Sehara currently serves as Joint Secretary with the Government of India, Ministry of Finance, Department of Financial Services. His profile indicates no inter se relationship with existing directors, ensuring an independent addition to the board.
Board of Directors Strengthened
Punjab National Bank (PNB) is pleased to announce a significant addition to its leadership team with the nomination of Shri Divesh Sehara as a Director on the Bank’s Board. This appointment, effective from September 10, 2026, has been made under Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. The nomination is in accordance with a notification from the Department of Financial Services, Ministry of Finance, Government of India.
Profile and Independence
Shri Divesh Sehara brings valuable experience to the board, currently holding the position of Joint Secretary with the Government of India, within the Ministry of Finance’s Department of Financial Services. His appointment fills the vacancy left by Shri D. Anandan, who has ceased to be a director. PNB has confirmed that Shri Sehara has no existing inter se relationship with the current members of the Bank’s Board and is not debarred from holding such an office by any SEBI order or other authority.
Regulatory Compliance
This announcement is made in full compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The Bank will provide a detailed profile of Shri Divesh Sehara in due course, further elaborating on his qualifications and contributions.
Source: BSE
