UNIONBANKBSEUnion Bank of IndiaMediumNeutral
Announced Thu, 14 May · 17:46 IST

Union Bank of India has informed the Exchange about appointment of Dr. Debasish Prusty as Government Nominee Director of the Bank w.e.f. 13.05.2026

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Price reaction · full curve 14 horizons · vs prior close
-3.8%1-day move
₹165.20
prior close
₹165.20
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AI summary

Union Bank of India has announced the appointment of Dr. Debasish Prusty as a Government Nominee Director effective May 13, 2026. He replaces Shri Rohan Chand Thakur and will serve until further orders. Dr. Prusty is an Additional Secretary in the Department of Financial Services under the Union Ministry of Finance and has over 26 years of experience in public administration. He brings expertise in public finance, sustainable development, and environmental governance, and has previously worked with the International Solar Alliance and represented India in UNFCCC climate negotiations.

Likely market impact

This is a routine appointment of a government nominee director in a public sector bank and is unlikely to have any direct impact on the stock price or shareholder interests.