Union Bank of India has informed the Exchange regarding Appointment of Mr Rohan Chand Thakur as Non- Executive Director of the company w.e.f. July 25, 2025.
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Union Bank of India has announced the appointment of Shri Rohan Chand Thakur as the Government Nominee Director on its board, effective July 24, 2025. He replaces the outgoing nominee Shri Sameer Shukla and will serve until further orders from the Central Government. Shri Thakur is a 2009-batch IAS officer from the Himachal Pradesh cadre, currently serving as Director in the Ministry of Finance's Department of Financial Services. He holds an economics degree from St. Stephen's College, a management degree from IIM Ahmedabad, and has additional credentials from Oxford and Harvard Kennedy School. This is a routine government-nominated board change, as public sector bank directors representing the government are appointed by the Central Government.
This is a routine government-nominated directorship change with no material impact on shareholders or the stock. Such appointments are part of the standard governance process for public sector banks and are typically neutral for the stock price.