Jitendra Asati Replaces M.G. Jayasree As Nominee Director Of Punjab & Sind Bank

Jitendra Asati has been appointed as Nominee Director of Punjab & Sind Bank, effective September 9, 2025. He replaced M.G. Jayasree, who ceased to be the Nominee Director effective the above-mentioned date.

Asati, Director in the Department of Financial Services and All-India Topper of the Indian Economic Service (2010 batch), is an accomplished economist-bureaucrat. He has served in the Ministry of Finance, India’s Mission in Washington, DC, and the Ministry of Petroleum & Natural Gas, after beginning his career as a Grade B Officer at RBI. In Finance, he played a key role in shaping the External Commercial Borrowings policy and FEMA regulations. In Washington, DC, he advanced India–US economic cooperation, while as OSD to the Petroleum Minister; he contributed to reforms in pricing, subsidies, and ease of living. An M.Phil. from JNU and recipient of gold medals, Asati also serves on the Boards of IFCI Ltd. and The Oriental Insurance Co. Ltd.

Jayasree is an officer of the Indian Statistical Service (ISS, 1998 batch). She is currently serving as Deputy Director General in the Department of Financial Services, Ministry of Finance, Government of India (GoI). She is also a Government Nominee Director on the Board of United India Insurance Co. Ltd., Chennai. Over her career, she has served in various capacities across the Government of India, including the Election Commission, Ministry of Statistics & Programme Implementation, Ministry of MSME, Department of Animal Husbandry, and Ministry of New & Renewable Energy. Jayasree holds an M.Sc. in public management and governance from the London School of Economics & Political Science and an M.Sc. in statistics from M.G. University, Kerala.

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