Union Bank of India has informed the Exchange regarding Cessation of Ms A Manimekhalai as Managing Director & CEO of the company w.e.f. Jun 03, 2025.

CEO resignedManagement Changes View source PDF Explain this filing

UNIONBANK · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹153.15

prior close

₹156.88

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-0.7%-0.4% vs market

Public Sector Bank peers, median of 11sector-1.0%-0.1% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty 100 and 0.1 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.8

15m

-1.6

30m

-2.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1-0.7-0.4-1.0-0.1

Next day

+0.4-0.4+0.8-0.7+1.1

-0.1+0.1-0.2-1.1+1.0

-0.1+1.2-1.3-1.3+1.2

+1.4+1.8-0.4+0.3+1.1

+0.7+1.8-1.1-1.0+1.6

-1.9+0.7-2.6-3.9+2.0

15d

-4.3+1.2-5.5-5.6+1.2

-1.1+2.6-3.7-2.3+1.2

-15.6-0.0-15.6-7.8-7.8

-16.0+0.1-16.1-7.4-8.7

UpDownMarket · Nifty 100Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Union Bank of India has informed the stock exchanges that Ms. A. Manimekhalai has completed her tenure as Managing Director & CEO on June 02, 2025. Consequently, she ceased to be a Director of the Bank with effect from June 03, 2025. The bank filed this disclosure under SEBI's Listing Regulations. The Company Secretary has confirmed the communication to both BSE and NSE. No successor has been announced in this filing.

Likely market impact

The departure of the MD & CEO at a large public sector bank may create short-term uncertainty regarding leadership continuity and strategic direction. Investors should watch for updates on the appointment of a new MD & CEO, which typically requires government/RBI approval for PSU banks.