(THE NEWSMAN OF INDIA.COM)
New Delhi, June 2, 2025 — The Government of India has announced the extension of Swarup Kumar Saha’s tenure as the Managing Director and Chief Executive Officer of Punjab & Sind Bank. His current term, which was set to conclude on June 2, 2025, will now continue until his superannuation on February 28, 2027, or until further orders, whichever comes earlier.

The decision was formalized through a notification issued by the Department of Financial Services under the Ministry of Finance.

S.K. Saha has been at the helm of Punjab & Sind Bank during a transformative phase, leading strategic initiatives to improve operational efficiency and financial performance. Under his leadership, the bank has witnessed progress in digital adoption, asset quality management, and overall profitability.

The extension of his tenure is seen as a move to ensure continuity in leadership as public sector banks work toward aligning with broader national financial inclusion goals and economic reforms. Industry experts view this as a vote of confidence in Saha’s stewardship and his roadmap for sustainable growth.

With this extension,SK Saha is expected to continue driving key reforms and strengthening the bank’s position in the Indian banking sector over the next two years.