Union Bank of India , one of India's leading public sector banks, has announced a significant leadership change. Asheesh Pandey has assumed the role of Managing Director and Chief Executive Officer, bringing with him a wealth of experience in the banking sector.

Appointment Details

According to the official notification from Union Bank of India, Pandey's appointment comes through a Central Government order dated September 30, 2025. He will serve a three-year term, effective from the date of assuming office or until further orders, whichever comes earlier.

Pandey's Extensive Banking Background

Asheesh Pandey brings over 27 years of diverse banking experience to his new role. His career journey includes:

• Starting at Corporation Bank in Mumbai
• Serving as Executive Director at Bank of Maharashtra for nearly four years
• Previously holding the position of Chief General Manager and Chief Operating Officer at Union Bank of India

Key Achievements and Expertise

Throughout his career, Pandey has demonstrated expertise in various aspects of banking:

• Oversaw corporate credit, treasury, and digital lending initiatives at Bank of Maharashtra
• Led the integration of the amalgamated entity at Union Bank of India
• Implemented digital solutions including WhatsApp banking, video KYC, and doorstep banking
• Managed portfolios spanning credit, treasury, foreign transactions, compliance, marketing, and customer relations

Educational Background and Professional Development

Pandey's qualifications and ongoing professional development underscore his commitment to excellence in banking:

• Holds a degree in Mechanical Engineering
• Postgraduate management qualification specializing in finance and marketing
• Certified Associate of the Indian Institute of Bankers
• Completed executive training programs at prestigious institutions:
  • Executive Program in Strategic Digital Marketing & Analytics (2023) from IIM Rohtak
  • Directors Development Program (2023) by Egon Zehnder in collaboration with Harvard Business Publishing
  • Leadership Development Program for Senior Management of PSBs at IIM Bangalore
  • IT & Cyber Security program for Senior Management at IDRBT, Hyderabad

Impact on Digital Transformation

Known for his tech-savvy approach, Pandey has played a crucial role in the digital transformation of banking services. His experience in re-engineering, harmonization, automation, and digitization during the amalgamation of e-Andhra Bank and e-Corporation Bank with Union Bank of India is expected to drive further innovations in his new role.

As Asheesh Pandey takes the helm at Union Bank of India, his extensive experience and focus on digital innovation are likely to shape the bank's strategies in an increasingly competitive and technology-driven banking landscape.

Union Bank of India , one of India's leading public sector banks, has announced significant changes in its senior leadership continuity. The Department of Financial Services, Ministry of Finance, Government of India has extended the terms of office for two Executive Directors of Union Bank of India.

Extension Details

According to notifications from the Ministry of Finance:

1. Shri Nitesh Ranjan's term has been extended for an additional three years beyond his current term ending on March 9, 2026. The extension will be effective from that date or until further orders, whichever is earlier.

2. Shri Ramasubramanian S.'s term, originally scheduled to end on November 20, 2025, has been extended until his superannuation on June 30, 2027, or until further orders, whichever is earlier.

Official Announcements

The bank officially disclosed this information to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The announcement regarding Shri Nitesh Ranjan was made on September 16, 2025, through a formal letter signed by Mangesh Mandrekar, the Company Secretary of Union Bank of India. The extension for Shri Ramasubramanian S. was announced through a government notification dated September 15, 2025.

Implications for Union Bank

These extensions of the Executive Directors' terms are significant moves for Union Bank of India. They ensure continuity in the bank's senior leadership, which can be crucial for maintaining consistent strategies and operations. The decisions by the Ministry of Finance suggest confidence in the leadership and contributions of both Shri Nitesh Ranjan and Shri Ramasubramanian S. to the bank.

About Union Bank of India

Union Bank of India is a major public sector bank in India, with its headquarters located in Mumbai. The bank has a significant presence across the country and offers a wide range of banking and financial services to its customers.

Investor Relations

Union Bank of India has scheduled an Investor/Analyst Meet with Angel One Investment Managers & Advisors Private Limited on September 19, 2025. This demonstrates the bank's commitment to maintaining open lines of communication with the investment community.