Union Bank of India has informed the Exchange regarding Cessation of Mr Pankaj Dwivedi as Executive Director of the company w.e.f. Jun 24, 2025.
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Union Bank of India has informed the stock exchanges that the Central Government has cancelled the appointment of Shri Pankaj Dwivedi as Executive Director of the Bank, effective June 24, 2025. He consequently ceases to be the Executive Director with immediate effect. The cessation was carried out via a government notification dated June 24, 2025. The Bank's Company Secretary, Mangesh Mandrekar, has disclosed this under SEBI Listing Regulations.
This is a top-level management change at a public sector bank, which is common in government-controlled banks where the Centre periodically rotates senior leadership. Shareholders may see short-term uncertainty, but operational continuity is unlikely to be materially affected.