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PNB Gilts names 2 new directors

India's PNB Gilts Ltd. appointed Ashok Kumar Pradhan an additional nonexecutive and nonindependent director to its board, with effect from Aug. 10.

Pradhan currently is parent Punjab National Bank's general manager and group chief risk officer, according to a same-day stock exchange filing.

The company also appointed Satish Kumar Kalra an additional independent director for a five-year term, effective Aug. 14.

In addition, K.V Brahmaji Rao is no longer a nonexecutive director on PNB Gilts' board after Punjab National Bank withdrew its nomination.