Shri Kalyan Kumar appointed as MD of Central Bank of India, Know About Him

The Government of India has appointed Shri Kalyan Kumar as MD of Central Bank of India. He is currently working as ED in Punjab National Bank.

Shri Kalyan Kumar assumed charge as the Executive Director of Punjab National Bank on 21st October 2021.

He is a Postgraduate in Science from Rajendra Prasad Agriculture University, Pusa. He is also a Certified Associate Member of the Indian Institute of Bankers (CAIIB) and holds certifications in Trade Finance, SME Finance, IT Security, and KYC-AML from the Indian Institute of Banking and Finance (IIBF).

At present, Shri Kumar is the Chairman of the Boards of two Punjab National Bank subsidiaries, PNB Gilts Ltd. and PNB Cards & Services Ltd. He is also a nominee member of the Board of Governors of the Management Development Institute (MDI) Society. In addition, he serves as SCB nominee Director on the Board of IIFCL and as Chairman on the Board of NIBSCOM.

He has undergone the Banks Board Bureau Training Program for Top Leadership Development and the Director Development Programme conducted by Egon Zehnder in collaboration with Harvard University.

Since taking charge as Executive Director of Punjab National Bank, Shri Kumar has played a key role in managing Profit and Loss across major business, support, and control functions. His responsibilities cover multiple domains of the Bank.

He led the Bank’s vision and strategy for business growth through Digital Transformation, Strategic Management, Economic Advisory, Data Analytics, and IT Excellence. He introduced the HR Transformation initiative, PNB Udaan, which clearly defines roles and expectations for each employee with measurable KRAs. He also leads the Business Acquisition and Relationship Division, driving growth in CASA and promoting both asset and liability products, including Credit Cards. Additionally, he has guided the Wealth Management Vertical of the Bank, focusing on fee-based income through third-party products.

Shri Kumar has given importance to ESG goals and launched the “PNB Palaash” go-green initiative. Under this, several awareness programs and initiatives were introduced, including tree plantation drives, use of digital copies and biodegradable folders, energy, paper and water conservation, and carpooling.

During his tenure, he has also contributed to Business Process Re-engineering, proactive credit monitoring, asset quality improvement, recovery, operations, KYC compliance, and enhancing customer experience. His efforts have further improved the overall EASE performance of the Bank.

Shri Kumar began his banking career as a Rural Development Officer at Union Bank of India in 1995. Over the next 26 years, he worked in various positions, including as Branch Head of different branches, including Very Large Branches (VLBs). He also served as Principal of the Staff Training College. At the Corporate Office, he contributed to Business Process Transformation, Credit Review and Monitoring, and Vigilance. Later, as Chief General Manager (HR), he supervised the successful amalgamation of Andhra Bank and Corporation Bank into Union Bank of India.

As part of the Committee formed by the Banks Board Bureau (now known as the Financial Services Institutions Bureau), Shri Kumar prepared a detailed report on suitable training programs for staff at all levels in PSBs. He designed and implemented the unique leadership development program Union Bhavishya to prepare future leaders for the Bank. He also led the end-to-end Digital HR Transformation project Union Prerna, which created a performance-driven HR culture empowering all employees.