Govt appoints S S Mallikarjuna Rao as PNB MD

The government on Tuesday appointed CH S S Mallikarjuna Rao as Managing Director of Punjab National Bank in place of Sunil Mehta.

Mehta superannuated on September 30.

"Government hereby post CH S S Mallikarjuna Rao managing director of Allahabad Bank as managing of PNB with effect from date of assumption of the office, till September 18, 2021 or until further orders, whichever is earlier," the bank said in a statement.

Prior to joining Allahabad Bank, he served as executive director of Syndicate Bank. He has been a professional banker for over 33 years, having held position as general manager and CFO in Oriental Bank of Commerce (OBC).

He had also worked as assistant vice president in erstwhile Global Trust Bank before joining OBC. He started his career in 1985 as a Probationary Officer in Bank of Maharashtra.