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Executive Movements

Union Bank of India CDO Rajnish Khare resigns

Union Bank of India Limited, a leading PSU lender, announced the resignation of Rajnish Khare as Chief Digital Officer (CDO) of the company. According to the Bank’s exchange filing, “In terms of Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Shri Rajnish Khare, Chief […]

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Executive Movements

Union Bank of India names Anil Kuril as Chief General Manager

Union Bank of India Limited announced the appointment of Anil Kuril as Chief General Manager of the Bank, with effect from March 2, 2024. According to the Bank’s exchange filing, “In terms of Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that Shri Anil Kuril, […]

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Executive Movements

Union Bank of India appoints Kanika Pasricha as Chief Economic Advisor

Union Bank of India Limited (UBI), a leading public sector bank in India, announced the appointment of Kanika Pasricha as Chief Economic Advisor (CEA), with effect from January 23, 2024. According to the Bank’s exchange filing, “In terms of Regulation 30 read with Clause No. 7 of Para A of Part A of Schedule III […]

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Press Release

Union Bank of India collaborates with Accenture to accelerate data-driven transformation

Union Bank of India, a leading public sector bank in India is collaborating with Accenture to design and develop a scalable and secure enterprise data lake platform with advanced analytics and reporting capabilities. This program will boost the bank’s operational efficiency and enhance its ability to offer customer-centric banking services and manage risk. Using predictive […]

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Executive Movements

Union Bank of India appoints Avinash Vasant Prabhu as CFO

Union Bank of India announced the appointment of Avinash Vasant Prabhu as Chief Financial Officer of the Bank, with effect from November 20, 2023. According to the company’s exchange filing, “In terms of Regulation 30 and Regulation 51 read with Point No. 7 of Para A of Part A of Schedule III of the SEBI […]

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Investment

IIFL Finance raises $175 mn from HSBC, Union Bank and Bank of Baroda Via ECB route

NBFC company IIFL Finance stated that it has raised $175 million through external commercial borrowing (ECB) route in the month of June 2023. The retail focused NBFC has raised $75 million from HSBC, $50 million from Union Bank (Sydney) and $50 million from Bank of Baroda (IFSC unit). The funds were raised at SOFR plus […]

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Executive Movements

Union Bank of India appoints Ramasubramanian S to its Board

Union Bank of India announced the appointment of Ramasubramanian S as Executive Director on the company’s Board, with effect from November 21, 2022. According to the company’s exchange filing, “we wish to inform you that the Central Government vide notification no. eF.No. 4/6/2021-BO.I dated November 21, 2022 has appointed Shri Ramasubramanian S., Chief General Manager, […]

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Executive Movements

Union Bank of India names Omprakash S Karwa as Chief Risk Officer

Union Bank of India Limited announced the appointment of Omprakash S Karwa as Chief Risk Officer of the Bank, with effect from September 29, 2022. According to the bank’s exchange filing, “we hereby inform that the Board of Directors of the Bank, at its meeting held on September 29, 2022 nominated Shri Omprakash S Karwa, […]

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Executive Movements

Union Bank of India appoints Laxman S Uppar to its Board

Union Bank of India announced it has appointed Laxman S. Uppar as Director on the company’s Board, effective March 21, 2022. According to the exchange filing, “we wish to inform you that the Central Government vide notification no. F. No. 6/6/2021-BO.I dated March 21, 2022 has nominated Shri Laxman S. Uppar as the Part-time Non-Official […]

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News

Capri Global Capital partners with Union Bank of India for Co-Lending to MSMEs

Capri Global Capital Limited (CGCL), a Non-Banking Financial Company (NBFC), has entered into a Co-Lending agreement with the Union Bank of India (UBI) to offer MSMEs loans. Through this collaboration, CGCL and UBI aim to disburse MSME loans across 100+ touch points pan India. The loan disbursement under this arrangement would commence from December 2021. […]

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Executive Movements

Union Bank of India appoints Rajneesh Karnatak to its Board

Union Bank of India announced the appointment of Rajneesh Karnatak as the Executive Director of the bank, effective Oct 21, 2021. According to the bank’s exchange filing, “we wish to inform you that the Central Government vide notification no. eF.No. 4/2/2021-B0.l dated October 24, 2021 has appointed Shri Rajneesh Karnatak, Chief General Manager, Punjab National […]

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Executive Movements

Union Bank of India appoints Dr. Jayadev Madugula as Director

Union Bank Of India has appointed Dr. Jayadev Madugula as Director for three years, effective from June 28, 2021. In terms of Regulation 30 read with Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we wish to inform you Dr. Jayadev M. is elected as the Director from amongst the shareholders of […]

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Executive Movements

Leadership changes in PSU Banks

Allahabad Bank: Mr Tilak Raj Chawla takes over as Executive Director of Allahabad Bank. He would be succeeding Mr. D Sarkar. Mr Chawla is an MBA in Finance and started his career with Punjab National Bank in 1977. He has been associated with Dena Bank as Assistant General Manager, General Manager and Chief General Manager.