PNB Gilts has announced the resignation of Chief Financial Officer Chandra Prakash, effective November 28, 2025. The long-serving finance chief exits after steering the company through a volatile rate cycle and strong government securities activity. The board is expected to initiate a search for his successor, with continuity in treasury operations remaining critical.
PNB Gilts Ltd, the primary dealer and subsidiary of Punjab National Bank, has informed the exchanges that Chandra Prakash has resigned from the position of Chief Financial Officer, effective close of business on November 28, 2025. Prakash, a chartered accountant with over a decade of experience across finance, risk and credit functions, had been CFO of PNB Gilts since February 2021 and was later additionally designated Chief Information Security Officer.
His tenure coincided with heightened activity in government securities, shifting rate expectations and increased regulatory compliance demands on primary dealers. The company has not yet disclosed the name of an interim or permanent replacement, but markets will watch closely for signals on capital, liquidity and investment strategy under the next finance head.
Key highlights
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Chandra Prakash resigns as CFO of PNB Gilts, effective November 28, 2025.
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A qualified chartered accountant; served as CFO since February 26, 2021.
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Also held the role of Chief Information Security Officer from April 2024.
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Resignation comes amid an active G-Sec market and evolving regulatory expectations for primary dealers.
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Board yet to announce successor; stability of treasury and risk functions will be closely monitored by investors.
Sources: PNB Gilts Ltd exchange filings and corporate disclosures