Rakesh Sethi has been appointed chairman of the board of directors of JSC Subsidiary Bank Punjab National Bank Kazakhstan. The appointment was approved by the bank's board of directors on April 6, 2012. Mr. Rakesh Sethi was inducted in the board in the place of Mr. Shashikant Dubey. Rakesh Sethi assumed the position of chairman of board of directors with effect from April 6, 2012.