Punjab National Bank — Others, 13-08-2025: Shareholders meeting

Punjab National Bank has announced an Extraordinary General Meeting to elect a new shareholder director. This crucial step ensures strong investor representation on the board. The vacancy arose after a director's resignation, aligning with recent RBI clarity on guidelines for individuals connected to para-banking activities. The elected director will serve until October 2026, completing the previous term. Shareholders can nominate candidates and participate through remote e-voting. Potential directors must meet strict 'fit and proper' criteria, including specific industry experience and age limits (35-67), ensuring qualified leadership.