Kamath to take charge as PNB’s chairman
By Vaibhav Aggarwal
Oct 26, 2009
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KR Kamath, present chairman and managing director of Allahabad Bank is all set to take charge as the chairman of Punjab National Bank in the next few days.

Sources say that Kamath's order has already arrived and he might be asked to fill the position any time soon. The chairman's post in the bank has been lying vacant since a few months with KC Chakrabarty taking charge as the deputy governor of Reserve Bank of India.

JP Dua, the executive director of Allahabad bank would take the place of Kamath. Two general managers of Allahabad bank would take charge as the executive directors in some other banks and D Sarkar of Bank of Baroda is expected to take charge as one of the executive directors in Allahabad bank.

P K Anand and Narendra Singh, general managers at Allahabad Bank, will soon be joining Punjab and Sind Bank and Corporation Bank respectively as executive directors. Meanwhile, Allahabad Bank's net profit, for the second quarter ended September, soared on the back of treasury income and falling cost of deposits.

Shri Kamath has been a brilliant academician. He had secured "VI rank" in University of Mysore in II year B.Com in the year 1975 and was awarded the "Best Outgoing Commerce Student" of the college in the year 1976. He is a Certified Associate of Indian Institute of Bankers.


(Comments Posted : 1) Post Your Comments
1. Dear Sir,

I am proud of having SB Account No.3317000400105178 at TTP-TANDA Branch (Ambedkarnagar)-224238 with M/s Punjab National Bank. Since I have transferred from Tanda to NTPC-Rihand long back, I was having approximately Rs.2.0 lacs in my account which I wanted to utilise, accordingly, I had deposited the same in my SBI Account No.11138928157 through multicity cheque no.785301 dated 02.11.2011 of Rs.1,97,000/- but SBI has informed that the cheque has returned due to the observation that drawer's signature incomplete and ultimately the cheque was returned to me on 16.12.2011. Due to which, I had again issued cheque no.785302 dated 17.12.2011 for Rs.1,97,000.00 with the same signature and lastly amount could be credited in my SBI Account.

Due to the fault of concerned bank official, I had to bear loss of interest of such substantial amount and even bank has realised Rs.205/- towards postal charges from my account. This sad of affair is compelling me to close the account with PNB rather continue the same in such circumstances.

Kindly arrange to pay the transaction charges of Rs.205/- and the interest for the period from 02.11.2011 to 16.12.2011 i.e. for one & half months for the cheque no.785301 because of no fault of mine as the undue delay has been totally attributed on the part of PNB Bank officials of Nichibagh, Varanasi Branch (Ph.No.0542-2401387/ 2421216).

Further, it is heartening to state that PNB officials are not sending me the online banking password inspite of repeated reminders and requests to the Customer Care as well as the concerned Branch.

Thanking you,

Mob No.09450942389
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