Leadership change brings veteran economist-bureaucrat into bank board from September 9, 2025
Punjab & Sind Bank revealed the appointment of Jitendra Asati as the Nominee Director w.e.f September 9, 2025, who replaces M.G. Jayasree who stepped down from the same function w.e.f the same date.
Asati is an experienced economist-bureaucrat and an All-India first rank holder of the Indian Economic Service (2010). He is currently the Director in the Department of Financial Services (DFS). He was associated with significant policy domains such as External Commercial Borrowings, FEMA regulations, energy sector reform, and India–US economic cooperation throughout his career. He was also associated with the RBI, Ministry of Finance, Indian mission in Washington, DC, and Ministry of Petroleum & Natural Gas. He is also a Director on the Boards of IFCI Ltd. and The Oriental Insurance Co. Ltd.
Former director M.G. Jayasree, an Indian Statistical Service officer (1998 batch), is currently Deputy Director General in DFS, Ministry of Finance. She is also the Government Nominee Director on the Board of United India Insurance Co. Ltd., Chennai. Jayasree’s education includes an M.Sc. degree in Public Management & Governance from the London School of Economics and an M.Sc. degree in Statistics from the M.G. University. She has served on varied positions within various ministries and government organizations and played an immense role in governance and policy execution.
