PNB decides national anthem will be sung at every Annual General Meeting

According to Reserve Bank of India and Securities and Exchange Board of India rules, it is not mandatory for shareholders to sing the national anthem at AGMs and EGMs

After being ravaged by the Nirav Modi scam earlier this year, public sector lender Punjab National Bank (PNB) has decided that the national anthem will be sung in its Annual General Meetings (AGM) and Extraordinary General Meetings (EGM), which are held for discussing and approving key decisions by shareholders.

Other than discussing equity shares, the idea of singing national anthem was first shared by a shareholder in the bank's last AGM held on September 18, 2018, which was backed by PNB's Non-Executive Chairman Sunil Mehta, The Indian Express reported.

According to Reserve Bank of India and Securities and Exchange Board