Union Bank of India has informed the Exchange regarding Cessation of Mr Avinash Vasant Prabhu as Chief Financial Officer of the company w.e.f. February 01, 2026.
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Union Bank of India has informed the stock exchange that Mr. Avinash Vasant Prabhu will cease to be the Chief Financial Officer of the bank with effect from February 01, 2026. As the CFO, he was responsible for managing the bank's finances, financial reporting, and compliance. The bank has not yet announced a replacement for the role. This is a key managerial personnel change at a major public sector bank.
CFO exits at large PSU banks often lead to short-term uncertainty around financial reporting continuity, though they rarely derail operations. Investors should watch for the successor announcement and any upcoming quarterly results for stability signals.