The government has nominated new directors on the boards of Punjab National Bank (PNB) and IDBI Bank, following the cessation of the terms of incumbent directors. Pankaj Sharma has been nominated as a director of the bank through a notification dated April 11, 2022 with immediate effect and until further orders, state-owned PNB said in a regulatory filing. Sharma's nomination follows cessation of Pankaj Jain as director on the board of PNB, it said, adding that Sharma is presently the joint secretary in the Ministry of Finance, Department of Financial Services. Meanwhile, private sector lender IDBI Bank said the government vide a communication on April 11, 2022 has nominated Manoj Sahay and Sushil Kumar Singh as directors on the board of the bank vice Meera Swamp and Anshuman Sharma respectively, with immediate effect and until further orders.