Union Bank of India has announced the appointment of Smt. Sowmya Sridhar, General Manager, as its new Chief Risk Officer (CRO) with effect from 22 May 2026. The disclosure was made to stock exchanges on 18 May 2026, in compliance with Regulation 30 and Regulation 51 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Smt. Sridhar succeeds Shri Ashwini Kumar Ramakrishna Chowdhary, whose three-year contractual tenure as CRO concludes on 21 May 2026.

Leadership Transition in Risk Management

Shri Ashwini Kumar Ramakrishna Chowdhary was originally appointed as CRO with effect from 22 May 2023 for a term of three years. Upon the completion of his contractual tenure on 21 May 2026, Smt. Sowmya Sridhar assumes the role. Her appointment is set to run through 31 August 2029. The key details of the transition are summarised below:

Profile of Smt. Sowmya Sridhar

Smt. Sridhar joined Union Bank of India on 07 March 1995 as a Scale I Officer and brings over 30 years of experience across a broad range of banking functions. Her professional background spans credit, finance, accounts, compliance, and risk management. She holds a Certified FRM (Financial Risk Manager) designation from the Global Association of Risk Professionals (GARP), underscoring her specialised expertise in the field.

Key highlights of her professional profile include:

• Total Experience: Over 30 years with Union Bank of India
• Risk Management Experience: 19 years in risk management across various capacities
• Compliance Role: Served as General Manager in Compliance for 1 year and 6 months
• Current Role: In Risk Management since December 2025
• Certification: Certified FRM from the Global Association of Risk Professionals (GARP)

Regulatory Disclosure

The appointment was formally communicated to BSE Ltd. and the National Stock Exchange of India Ltd. on 18 May 2026, under reference number ISD/53/2026-27. The disclosure was signed by Ashish Mishra, Company Secretary of Union Bank of India. The bank referenced its earlier communication bearing Ref. ISD/068/2023-24 dated 22 May 2023, which pertained to the appointment of the outgoing CRO.

Union Bank of India has announced the appointment of Dr. Debasish Prusty as its Government Nominee Director, effective May 13, 2026. The disclosure was made in compliance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The appointment was communicated to stock exchanges on May 14, 2026.

Appointment Details

The Central Government, vide notification no. eF. No. 6/2(v)/2022-BO.I dated May 13, 2026, appointed Dr. Debasish Prusty as Government Nominee Director of the Bank with immediate effect and until further orders, in place of Shri Rohan Chand Thakur. The key details of the appointment are summarised below:

Profile of Dr. Debasish Prusty

Dr. Debasish Prusty is a member of the Indian Administrative Service, currently serving as Additional Secretary in the Department of Financial Services, Union Ministry of Finance, Government of India. He brings more than 26 years of experience in designing and implementing policies across the areas of Public Finance, Sustainable Development, Development Cooperation, and Environmental and Urban Governance.

Dr. Prusty has played a significant role in India's international engagements on climate and finance. He contributed to India's initiative for collaboration and partnership with various countries to launch the International Solar Alliance (ISA) platform in 2015, during his tenure as Director in the Climate Change Division of the Ministry of Environment, Forest and Climate Change. He has also represented India's negotiating team in international negotiations at the Conference of Parties held under the United Nations Conference on Climate Change (UNFCCC) and was a member of the Standing Committee on Finance of the UNFCCC in 2016.

His academic credentials include:

• Doctor of Philosophy from the Management Department, Manipal University Jaipur
• Master of Philosophy in Environmental Sciences from Jawaharlal Nehru University, Delhi
• Training from the International Monetary Fund (IMF) in Finance for Macro-economists

Disclosure of Relationships and Regulatory Compliance

As per the regulatory disclosure, Dr. Debasish Prusty does not have any relationship with any of the existing Directors of Union Bank of India. Additionally, he is not debarred from holding the office of Director by virtue of any order of SEBI or any other such authority. The appointment has been duly communicated to BSE Ltd. and the National Stock Exchange of India Ltd. in accordance with applicable listing regulations.