Union Bank chairman's tenure ends and directorship ceases

Management Changes View source PDF Explain this filing

UNIONBANK · price

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Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹150.00

prior close

₹151.55

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.0%+2.1% vs market

Public Sector Bank peers, median of 11sector+1.9%+0.2% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty 100 and 0.2 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+2.1-0.0+2.1+1.9+0.2

Next day

+2.9+0.3+2.6+1.4+1.5

+1.8+0.7+1.1+0.6+1.2

+4.0+1.3+2.7+0.2+3.8

+1.2+1.3-0.1-0.4+1.7

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15d

+2.2+2.2-0.1+1.4+0.8

-1.2+1.0-2.2-4.1+2.8

+10.7+2.4+8.3+3.8+6.9

+20.0+1.3+18.7+2.2+17.8

UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

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AI summary

Srinivasan Varadarajan's term as Union Bank of India's non-executive chairman and part-time non-official director ended on November 6, 2025. He consequently ceased to be a director from November 7, 2025. The filing states that this was completion of his tenure and gives no reason.

Likely market impact

This is a leadership change without a stated reason. The bank may need to update its board composition and chairman arrangements.