Punjab National Bank Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Atul Goel

Chief executive officer

₹4.8m

Total compensation

CEO salary percentage	76.7%
CEO tenure	2.3yrs
CEO ownership	n/a
Management average tenure	2.3yrs
Board average tenure	1.8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Atul Goel's remuneration changed compared to Punjab National Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	₹76b
Sep 30 2023	n/a	n/a	₹59b
Jun 30 2023	n/a	n/a	₹44b
Mar 31 2023	₹5m	₹4m	₹33b
Dec 31 2022	n/a	n/a	₹18b
Sep 30 2022	n/a	n/a	₹24b
Jun 30 2022	n/a	n/a	₹30b
Mar 31 2022	₹963k	₹882k	₹39b

Compensation vs Market: Atul's total compensation ($USD57.93K) is below average for companies of similar size in the Indian market ($USD940.71K).

Compensation vs Earnings: Atul's compensation has increased by more than 20% in the past year.

CEO

Atul Goel (59 yo)

2.3yrs

Tenure

₹4,833,845

Compensation

Shri Atul Kumar Goel is Chairman at Punjab National Bank (International) Limited since March 15, 2022. He serves as Non-Executive Nominee Director at PNB Housing Finance Limited since April 28, 2022. He se...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Atul Goel	MD, CEO & Director	2.3yrs	₹4.83m	no data
Kalyan Kumar	Executive Director	2.6yrs	₹3.55m	no data
Binod Kumar	Executive Director	no data	₹1.31m	0.000060% ₹ 931.9k
M. Paramasivam	Executive Director	1.4yrs	₹1.16m	0% ₹ 0
Dilip Jain	CFO and Chief GM of Strategic Management & Economic Advisory Division	3.6yrs	no data	no data
Sanjeevan Nikhar	Group Chief Compliance Officer	less than a year	no data	no data
Sunil Goyal	Chief General Manager	less than a year	no data	no data
Vijay Tyagi	Chief Vigilance Officer	no data	no data	no data
V. Sundaresan	Chief General Manager	3yrs	no data	no data
Amit Srivastava	Chief General Manager & Group Chief Risk Officer	2.3yrs	no data	no data
Hemant Verma	Chief General Manager	2.3yrs	no data	no data
Sanjay Varshneya	Chief General Manager	2.3yrs	no data	no data

2.3yrs

Average Tenure

58yo

Average Age

Experienced Management: 532461's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Atul Goel	MD, CEO & Director	2.3yrs	₹4.83m	no data
Kalyan Kumar	Executive Director	2.6yrs	₹3.55m	no data
Binod Kumar	Executive Director	1.5yrs	₹1.31m	0.000060% ₹ 931.9k
M. Paramasivam	Executive Director	1.4yrs	₹1.16m	0% ₹ 0
Bibhu Mahapatra	Executive Director	less than a year	no data	no data
Rekha Jain	Shareholder Director	2.7yrs	₹2.50m	0% ₹ 0
Sanjeev Singhal	Part-Time Non-Official Independent Director	2.4yrs	₹2.50m	no data
Pankaj Joshi	Part Time Non-Official Independent Director	2.4yrs	₹2.50m	no data
Pankaj Sharma	Government of India Nominee Director	2.1yrs	no data	no data
K.G Ananthakrishnan	Part-Time Non-Official Non-Executive Chairman	1.5yrs	₹1.10m	0.000020% ₹ 310.6k
Uma Sankar	Nominee Director	less than a year	no data	no data
Kartar Chauhan	Director	less than a year	no data	no data

1.8yrs

Average Tenure

59yo

Average Age

Experienced Board: 532461's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.

Punjab National Bank Management

Management criteria checks 2/4

Key information

Recent management updates

Punjab National Bank Appoints Amresh Prasad as Chief General Manager

Punjab National Bank Announces Change in Management

Punjab National Bank Announces Change in Management

Punjab National Bank Elects Priyank Sharma, Shri Jatinder Singh Bajaj and Shri Kartar Singh as Director

Punjab National Bank Announces Cessation of Anil Kumar Misra as Director on the Board

Punjab National Bank Appoints Amit Srivastava as the Group Chief Risk Officer of the Bank

Recent updates

Punjab National Bank Appoints Amresh Prasad as Chief General Manager

National Asset Reconstruction Company Reportedly Offer INR 7.11 Billion to Acquire the Debt of Entertainment City Pegs Recovery at 95%

Investor sentiment improves as stock rises 20%

Price target increased by 7.9% to ₹90.00

Third quarter 2024 earnings released: EPS: ₹2.21 (vs ₹0.64 in 3Q 2023)

Punjab National Bank to Report Q3, 2024 Results on Jan 25, 2024

Price target increased by 9.8% to ₹73.88

Second quarter 2024 earnings released: EPS: ₹1.81 (vs ₹0.44 in 2Q 2023)

Punjab National Bank to Report Q2, 2024 Results on Oct 26, 2023

Price target increased by 10% to ₹67.43

Punjab National Bank Announces Change in Management

Punjab National Bank Announces Change in Management

Punjab National Bank Elects Priyank Sharma, Shri Jatinder Singh Bajaj and Shri Kartar Singh as Director

Investor sentiment improves as stock rises 15%

Price target increased by 7.6% to ₹57.79

First quarter 2024 earnings released: EPS: ₹1.22 (vs ₹0.26 in 1Q 2023)

Punjab National Bank to Report Q1, 2024 Results on Jul 26, 2023

Punjab National Bank Announces Cessation of Anil Kumar Misra as Director on the Board

PSBs Reportedly Shelve Deal to Sell Drug Company Loans to NARCL

Investor sentiment improves as stock rises 16%

Punjab National Bank, Life Insurance Corporation of India, State Bank of India, and Bank of Baroda Reportedly Look to Seek Bids for UTI Asset Management Company Stake

Upcoming dividend of ₹0.65 per share at 1.3% yield

Punjab National Bank Appoints Amit Srivastava as the Group Chief Risk Officer of the Bank

Full year 2023 earnings released: EPS: ₹3.04 (vs ₹3.53 in FY 2022)

Punjab National Bank, Annual General Meeting, Jun 30, 2023

Punjab National Bank to Report Q4, 2023 Results on May 19, 2023

Price target increased by 8.0% to ₹52.50

Price target increased by 8.5% to ₹48.62

Third quarter 2023 earnings released: EPS: ₹0.64 (vs ₹1.14 in 3Q 2022)

Punjab National Bank to Report Q3, 2023 Results on Jan 30, 2023

Price target increased to ₹45.13

Tata Reportedly in Talks to Buy Majority Stake in UTI AMC from 4 PSU Finance Entities

Price target increased to ₹42.07

Punjab National Bank Appoints M. Paramasivam as Executive Director, Effective December 1, 2022

Price target increased to ₹37.60

Less than half of directors are independent

Punjab National Bank Appoints K.G. Ananthakrishnan as Part-Time Non-Official Director as Well As Non-Executive Chairman on the Board

Price target increased to ₹37.60

Second quarter 2023 earnings released: EPS: ₹0.44 (vs ₹1.00 in 2Q 2022)

Punjab National Bank to Report Q2, 2023 Results on Nov 01, 2022

An undisclosed buyer agreed to acquire 10.01% stake in Asset Reconstruction Company (India) Limited from Punjab National Bank (BSE:532461).

Aditya Birla Sun Life AMC Joins Race to Acquire Stake in UTI AMC

First quarter 2023 earnings released: EPS: ₹0.26 (vs ₹1.09 in 1Q 2022)

Punjab National Bank to Report Q1, 2023 Results on Jul 28, 2022

Upcoming dividend of ₹0.64 per share

Punjab National Bank Announces Cessation of Swarup Kumar Saha as Executive Director of the Bank

Punjab National Bank, Annual General Meeting, Jun 30, 2022

Full year 2022 earnings released: EPS: ₹3.53 (vs ₹2.64 in FY 2021)

Punjab National Bank Recommends Dividend for the Year 2022

Punjab National Bank to Report Q4, 2022 Results on May 11, 2022

Punjab National Bank Nominates Pankaj Sharma as Director

Punjab National Bank Announces Appointment of Anil Kumar Misra as Director

Investor sentiment deteriorated over the past week

HSBC Insurance (Asia Pacific) Holdings Limited intends to acquire a 23% stake in Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited from Punjab National Bank (BSE:532461).

Shri Atul Kumar Goel Assumes as the Chief Executive Officer of Punjab National Bank

Punjab National Bank Provides Earnings Guidance for the Year 2022

Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations

Second quarter 2022 earnings released: EPS ₹1.00 (vs ₹0.61 in 2Q 2021)

Non-Executive Independent Shareholder Director Asha Bhandarker has left the company

Full year 2021 earnings released: EPS ₹2.64 (vs ₹0.80 in FY 2020)

Price target increased to ₹39.50

Full year 2021 earnings released: EPS ₹2.64 (vs ₹0.80 in FY 2020)

Third quarter 2021 earnings released: EPS ₹0.78 (vs ₹0.65 loss in 3Q 2020)

Executive Director has left the company

Price target increased to ₹36.80

Punjab National Bank Announces Election of Directors

Punjab National Bank Appoints Swarup Kumar Saha as Executive Director

New 90-day high: ₹41.70

Price target raised to ₹34.10