Union Bank of India has informed the Exchange regarding Appointment of Mr Amresh Prasad as Executive Director of the company w.e.f. November 24, 2025.

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

+1.2%Reaction day

₹150.83

prior close

₹151.80

announcement price

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.2%+1.4% vs market

Public Sector Bank peers, median of 11sector+1.4%-0.2% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty 100 and 0.2 pts less 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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AI summary

Union Bank of India has announced the appointment of Mr. Amresh Prasad as Executive Director of the bank, effective November 24, 2025. The Executive Director is one of the key managerial positions in a public sector bank, reporting to the Chairman & Managing Director. The appointment has been informed to the stock exchanges as part of standard disclosure requirements for senior leadership changes. No further details about his tenure or replacement at a previous role were provided in this filing.

Likely market impact

This is a routine senior leadership appointment at a PSU bank and is unlikely to cause any material movement in the stock price. Shareholders should note the new Executive Director may influence lending strategy and operational decisions going forward.