New Delhi: Mr. Girish Kousgi, Managing Director and CEO of the Company, has vacated his office on the close of business hours today i.e., October 28, 2025. He had served his resignation in July. He didn't mention the exact reason, but it is said that there are some personal reasons and further career improvements.

Regulatory approvals are currently under process for the appointment of new Managing Director & CEO of the Company and disclosures will be made at the appropriate time. In the meantime, Mr. Jatul Anand, Executive Director, will lead the team with the guidance of the Board Chaired by Mr. D Surendran, Nominee Director from Punjab National Bank, the bank mentioned today in its bse filing.

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