Who is Kalyan Kumar, recommended for post of MD&CEO of Central Bank of India?

The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Kalyan Kumar as the MD & CEO of Central Bank of India (UBI). The term of MV Rao – current MD & CEO of Central Bank of India since March 2021, ends in July 2025. In this article, we will know all details about Shri Kalyan Kumar.

About Shri Kalyan Kumar

Shri Kalyan Kumar is currently working as Executive Director (ED) of Punjab National Bank. Shri Kalyan Kumar assumed charge as Executive Director of the Bank on 21st October, 2021.

Shri Kalyan Kumar, a Post Graduate in science from Rajendra Prasad Agriculture University, Pusa, is also a Certified Associate Member of Indian Institute of Bankers (CAIIB) and holds various certifications in Trade Finance, SME Finance, IT Security and KYC-AML from Indian Institute of Banking and Finance (IIBF).

Shri Kalyan Kumar is presently the Chairman on the Board of two of the subsidiaries of Punjab National Bank, PNB Gilts Ltd. and PNB Cards & Services Ltd. He is the nominee member of Board of Governors of Management Development Institute (MDI) Society. Shri Kumar is on the Board of IIFCL as SCB nominee Director and on the Board of NIBSCOM as Chairman. He is also the Chairman of Board Level Committee for IT Strategy of PNB.

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

Since the joining of Shri Kalyan Kumar as the Executive Director in Punjab National Bank, he is playing a pivotal role in Profit & Loss delivery across key business, support, and control functions with responsibilities across multiple domains.

He is leading Bank’s vision and strategy for overall business growth through Digital Transformation, Strategic Management, Economic Advisory, Data Analytics and Information Technology Excellence. He directed the HR Transformation, ‘PNB Udaan’, which provides clarity of roles & expectations from each employee with well-defined and measurable KRAs. He also spearheads the Business Acquisition and Relationship Division, focusing on driving growth in CASA and marketing of both asset and liability products, including Credit Cards. Shri Kumar also led the Wealth Management Vertical of the Bank with focus on increase in fee based income through third party products.

Keeping the ESG Goals on priority, he also launched a go green initiative ‘PNB Palaash’. Multiple awareness programs were conducted and various initiatives were launched like Tree Plantation Drives, Usage of Digital copies & Biodegradable folders, Energy, Paper & Water saving measures, Car pooling etc.

Along with the above milestones, his oversight during the tenure in Business Process Re-engineering, proactive Credit Monitoring, improving Asset Quality and Recovery, Operations & KYC and enhancing Customer Experience further improved the EASE performance of the Bank on a whole.

Shri Kalyan Kumar started his journey in Union Bank of India as Rural Development Officer in 1995 and has served the Bank for more than 26 years in various capacities. He worked as the Branch Head in various categories of branches which also include VLBs (Very Large Branches). He was also the Principal of the Staff Training College. In the Corporate Office, he aided in the Bank’s Business Process Transformation, Credit Review & Monitoring and Vigilance. Lastly, he headed HR as the Chief General Manager of the Bank. The successful amalgamation of Andhra Bank and Corporation Bank into Union Bank of India was steered under his supervision and control.

As a part of the Committee constituted by Banks Board Bureau (BBB), presently known as Financial Services Institutions Bureau (FSIB), for devising Suitable Training Program for PSBs, he prepared a comprehensive report on the Training Programs for staff at all levels and drove a Unique Leadership Development Program ‘Union Bhavishya’ for preparing future leaders for the Bank. He has also led an end to end Digital HR Transformation Project ‘Union Prerna’ for creating a performance centric HR initiative empowering all employees.