UNIONBANKNSEUnion Bank of India· BanksMediumNeutral
Announced Wed, 1 Apr · 16:27 IST

Union Bank of India has informed the Exchange about change in Management

Management Changes View source PDF

UNIONBANK · price

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Price reaction · full curve 14 horizons · vs prior close
+1.1%1-day move
₹172.19
prior close
₹168.50
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AI summary

Union Bank of India has announced the elevation of three General Managers to the position of Chief General Manager, effective 1st April 2026. The three individuals promoted are Shri K Pramod Kumar Reddy (with 28 years of experience, previously on deputation from APGB), Shri Sumit Srivastava (with 21 years of experience in Ecosystem Banking), and Shri Dhirendra Jain (a Chartered Accountant with 16 years of experience in Finance and Accounts). All three hold CAIIB certification and are postgraduate degree holders. This is an internal promotion within the bank's senior management structure and has been disclosed under SEBI LODR Regulations.

Likely market impact

This is a routine internal restructuring and promotion of senior executives within the bank. It does not involve any resignations, external hires, or board-level changes, and is unlikely to have any immediate impact on the stock price or shareholder interests.