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New Delhi: Bibhu Prasad Mahapatra has assumed the charge as the Executive Director on the Board of Punjab National Bank, the Ministry of Finance said on Tuesday.

He will serve on the board in terms of Department of Financial Services with effect from October 09, 2023, for a period of three years or up to the date of his attaining the age of superannuation, the ministry said.

Mahapatra started his banking journey at Punjab National Bank as a Management Trainee in the year 1989 and has served the bank for the last 34 years in various capacities across the country.

A banking veteran, he brings to the table a wealth of knowledge across multiple domains of Branch Banking, Credit MSME, Risk Management, Business Process, Forex and Trade Finance, Compliance, among others.

A postgraduate in Political Science from Utkal University, he is also a Certified Associate Member of the Indian Institute of Bankers (CAIIB).

He also did a leadership development programme for senior management of PSB from IIM Bangalore.

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