punjab and sindh bank

Shri Jitendra Asati

(MOF Nominee Director)

Shri Jitendra Asati, Director, Department of Financial Services, has been appointed as Government Nominee Director on the Board of The Oriental Insurance Company Limited vide DFS order dated 05.01.2023.

Mr. Asati, the All India Topper of Indian Economic Service, joined the Government as an Economist Bureaucrat in January 2010. During these formative years, he has served with distinction in various roles with Ministry of Finance, India’s Mission in Washington DC and Ministry of Petroleum & Natural Gas. Before joining Government, Mr. Asati served as Gr B Officer in RBI.

Mr. Asati left indelible imprints as the Assistant Director in Ministry of Finance, where he handled the desks of Financial Stability and Development Council, External Markets and Foreign Direct Investment. He played a crucial role in shaping External Commercial Borrowings Policy and drafting investment regulations under Foreign Exchange Management Act.

At Washington DC, Mr. Asati was instrumental in strengthening cooperation between India and the US on critical arenas of Economic, Trade & Investment Relations. As Officer on Specials Duty to the Union Petroleum Minister, he made significant contributions in driving multiple path-breaking reforms in the Oil and Gas Sector pertaining to Pricing reforms, Subsidy rationalization and enhancing the ease of living.

In DFS, Mr. Asati has been assigned with the task to foster financial inclusion, augmenting agriculture credit to boost the rural economy and strengthening the viability of Regional Rural Banks in the country.

Mr. Asati has received gold medals during academic studies and Certificate of Excellence. He holds M.Phil from Jawahar Lal Nehru University and the All India Junior Research Fellowship. He has written many articles in prominent Journals and leading economic dailies on a wide range of subjects, including economic reforms and good governance, oil price volatility, sustainable energy and bilateral economic cooperation.

Shri Vivek Srivastava

RBI Nominee Director

Shri Vivek Srivastava is a career Central Banker, having joined Reserve Bank of India in November 1990, fresh out of University. He has served across centres and departments in the RBI, having served in Delhi, Bengaluru, Mumbai and is currently posted as the Regional Director of its Chandigarh Regional Office. He has worked in areas like Currency Management, Public Debt Management, and Human Resources among others. He has served major part of the career in Central Office Departments in Mumbai working for long in key departments like the Department of Regulation and Foreign Exchange Department. He has been a key personnel in the landscape of KYC, AML, CFT, was part of country delegate to the Financial Action Task Force having attended several FATF Plenary meetings and was a member of the Joint Working Group of the Govt., representing RBI, on assessment of country- risk. He has been a speaker in various national and international fora in the area of AML. He has also worked in other regulatory areas like Banking Subsidiaries, Financial Services, Bank assurance, Wealth Management and Export Credit.

He has worked extensively in the Foreign Exchange Department; International Trade has been an area of specialization. He played a key role in formulating the policy of settlement of international trade in INR.

Sh. R. P. Gupta

Shareholder Director

Shri R P Gupta has joined PSB Board on 01.06.2024 as shareholder director. He holds a Master's degree in Physics from Lucknow University.

He superannuated from LIC of India in July 2024 as Executive Director after a long illustrious career spanning over 36 years, working in various key business verticals and leadership positions.

He is fellow of Insurance Institute of India and has served two stints as faculty in National Insurance Academy on deputation from LIC of India.

Currently, apart from his board responsibilities, he is serving as guest faculty in NIA, Pune, teaching a variety of subjects on Business strategy, Marketing, Investment, Individual and Enterprise risk management.

He has undergone Director’s Certification Master class, Certification in Sustainability leadership, Certification in Risk Governance & Leadership organized by Indian Institute of corporate affairs (IICA).

Additionally , he has completed a Certification program for IT & Cyber security for board members organized by IDRBT, Hyderabad, and successfully participated in the program of Master Class for directors organized by Institute of directors (IOD), Mumbai.