Punjab National Bank (PNB) on Tuesday (September 16, 2025) announced that the government has approved the extension of M. Paramasivam’s tenure as Executive Director of the bank up to March 31, 2027.
In a regulatory filing, PNB said that the Department of Financial Services (DFS), Ministry of Finance, through its notification dated September 15, cleared the proposal to extend Paramasivam’s term beyond his current tenure, which was scheduled to conclude on November 30, 2025. With this extension, he will continue in office till his superannuation on March 31, 2027, or until further orders, whichever is earlier.
Paramasivam, who took charge as Executive Director on December 1, 2022, is an agriculture graduate and a seasoned banker with more than 34 years of experience. He began his career with Canara Bank in 1990 as an Agricultural Extension Officer and went on to serve in multiple leadership capacities including Regional Head, Circle Head, and Head of the Priority Credit Wing.
With expertise in branch operations, credit management, priority sector lending, foreign exchange, trade finance and compliance, he has contributed significantly to policy innovation and digital transformation in the sector. Notably, he played a central role in launching the FRUITS portal in partnership with NABARD and the Karnataka government and was instrumental in setting up five Agri Credit Centres under the EASE-3 reforms agenda.
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