Punjab & Sind Bank Names Arnab Goswami As CFO

Punjab & Sind Bank has announced the appointment of Arnab Goswami as its Chief Financial Officer (CFO), succeeding Mahima Agarwal, effective from 3 April 2024, for a tenure of three years.

Arnab Goswamy, a Chartered Accountant and Cost Accountant, brings extensive experience from his tenure at Indusind Bank, ICICI Bank and most recently, Bandhan Bank where he served as Vice President. With over two decades in the banking sector, his expertise spans various areas including finance, accounting, banking operations, MIS, financial analysis, regulatory reporting and more.

Punjab and Sind Bank, a prominent public sector bank in northern India, offers innovative products and services across different customer segments through its network of 1,561 branches and 937 ATMs.

In Q3 FY24, the bank witnessed a 69.4 per cent decline in standalone net profit to Rs 114.31 crore compared to Rs 373.24 crore in Q3 FY23, despite a 27.1 per cent YoY growth in total income to Rs 2,852.71 crore for the quarter ended 31 December 2023.

On Wednesday, 3 April 2024, the bank's stock rose by 1.34 per cent to settle at Rs 64.15.