New Delhi, India, October 2025 – Kalyan Kumar, currently serving as Executive Director at Punjab National Bank and Chief General Manager at Union Bank of India, has been recommended by the Financial Services Institutions Bureau (FSIB) to take charge as the Managing Director & Chief Executive Officer of Central Bank of India, succeeding M. V. Rao upon his superannuation. With over a decade of leadership experience in India’s public sector banking system, Kalyan Kumar brings with him strong expertise in strategic planning, governance, and regulatory compliance.
Kalyan Kumar has been serving as Executive Director at Punjab National Bank since 2021, where he played a pivotal role in strengthening operational efficiency, enhancing governance frameworks, and driving strategic initiatives across multiple banking domains. His leadership has been instrumental in advancing risk management systems and improving overall business performance at one of India’s largest public sector banks.
Before Punjab National Bank, he had a long career with Union Bank of India, where he spent more than nine years in senior leadership positions. As Chief General Manager, he oversaw critical operations, risk, and governance portfolios, steering the bank through a transformative period that included the amalgamation of Andhra Bank and Corporation Bank. Earlier as Deputy General Manager, he contributed significantly to operational resilience, customer-centric initiatives, and strengthening regulatory adherence.
His extensive tenure across these leading banks highlights his ability to navigate complex challenges in India’s public sector banking landscape, while delivering on strategic priorities to sustain growth and stability.
About Central Bank of India
Central Bank of India offers a wide range of products and services for every segment. Please join us to know more about our best products & services, attractive offers and the latest updates. We invite & value your active participation, valuable comments and feedback. Established in 1911, Central Bank of India was the first Indian commercial bank, wholly-owned and managed by Indians. The establishment of the Bank was the ultimate realization of the dream of Sir Sorabji Pochkhanawala, founder of the Bank. Sir Pherozesha Mehta was the first Chairman of a truly ‘Swadeshi Bank’. Central Bank of India is a pioneer in launching a number of innovative and unique banking activities.
Among the Public Sector Banks, Central Bank of India can be described as a truly All India Bank, due to the distribution of its large network of branches throughout the length and breadth of the country. Central Bank of India holds a very prominent place among the Public Sector Banks on account of its network of more than 4700 Branches at various centers.
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