Union Bank of India promotes Bhaskara Rao to Chief General Manager

1 min read Updated on 03 Jul 2026, 03:22 AM

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Jubin VScanX News Team

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Union Bank of India elevated Shri Bhaskara Rao Chaganti Venkata Naga to Chief General Manager effective July 01, 2026, as per a regulatory filing dated July 02, 2026. He previously served as General Manager and led the Stress Asset Management Vertical at the Central Office in Mumbai.

*this image is generated using AI for illustrative purposes only.

Union Bank of India has elevated Shri Bhaskara Rao Chaganti Venkata Naga to the post of Chief General Manager effective July 01, 2026. The bank disclosed this change in senior management through a regulatory filing submitted on July 02, 2026. Shri Bhaskara Rao previously served as General Manager before his promotion to the new role.

The appointment was made in accordance with Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Ashish Mishra, Company Secretary of Union Bank of India.

Profile of the Appointee

Shri Bhaskara Rao Chaganti Venkata Naga brings extensive experience to his new position. He is a Postgraduate in Commerce and holds an MBA degree. Additionally, he has completed the CAIIB Part 1 and CAIIB Part 2 examinations.

His career at the bank includes significant roles such as Zonal Head and working in the MSME sector. Prior to his elevation, he was responsible for the Stress Asset Management Vertical at the Central Office in Mumbai.

Detail	Information
Name of Senior Management Personnel	Shri Bhaskara Rao Chaganti Venkata Naga
Reason for Change	Elevation to the post of Chief General Manager of the Bank
Date of Elevation	July 01, 2026
Current Role	Stress Asset Management Vertical, Central Office, Mumbai

Historical Stock Returns for Union Bank of India

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-3.70%	-6.65%	+0.25%	+4.08%	+6.32%	+317.64%

How will Shri Bhaskara Rao's expertise in stress asset management influence the bank's strategy for handling non-performing assets?

What strategic shifts can be expected in Union Bank of India's MSME sector under his leadership?

Will this promotion signal a broader change in the bank's senior management structure or succession planning?

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Sanjay Rudra ceases to be Executive Director of Union Bank of India

0 min read Updated on 02 Jul 2026, 05:28 AM

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Jubin VScanX News Team

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Sanjay Rudra ceased to be the Executive Director of Union Bank of India following the completion of his tenure on June 30, 2026. Consequently, he is no longer a Director on the Bank's Board effective July 01, 2026. The Bank informed the exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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Sanjay Rudra ceased to be the Executive Director of Union Bank of India following the completion of his tenure on June 30, 2026. Consequently, he is no longer a Director on the Bank's Board effective July 01, 2026. The transition marks the end of his tenure at the public sector lender.

The Bank informed the exchanges in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirmed the cessation of Rudra's directorship duties effective from the start of the new financial year.