Mallikarjuna Rao appointed as the new MD and CEO of PNB.

Mallikarjuna Rao was appointed as the Managing Director and Chief Executive of the Punjab National Bank(PNB).Currently serving as chief executive of the Allahabad Bank, Rao will replace Sunil Mehta.
The Appointments Committee of the Cabinet (ACC) headed by Prime Minister NarendraModi approved the Department of Financial Services’ proposal for Rao’s appointment as PNB’s CEO.