Union Bank of India has informed the Exchange regarding Cessation of Ms A Manimekhalai as Managing Director & CEO of the company w.e.f. Jun 03, 2025.
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Union Bank of India has informed the stock exchanges that Ms. A. Manimekhalai has completed her tenure as Managing Director & CEO on June 02, 2025. Consequently, she ceased to be a Director of the Bank with effect from June 03, 2025. The bank filed this disclosure under SEBI's Listing Regulations. The Company Secretary has confirmed the communication to both BSE and NSE. No successor has been announced in this filing.
The departure of the MD & CEO at a large public sector bank may create short-term uncertainty regarding leadership continuity and strategic direction. Investors should watch for updates on the appointment of a new MD & CEO, which typically requires government/RBI approval for PSU banks.