Union Bank of India has informed the Exchange regarding Appointment of Mr Debasish Prusty as Government Nominee Director of the Bank w.e.f. May 13, 2026.
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Union Bank of India has announced the appointment of Dr. Debasish Prusty as the Government Nominee Director on the bank's board, effective May 13, 2026. He is an Indian Administrative Service officer currently serving as Additional Secretary in the Department of Financial Services, Ministry of Finance. Dr. Prusty replaces Shri Rohan Chand Thakur and will hold the position until further orders. He brings over 26 years of experience in public finance, sustainable development, and environmental governance. He has previously worked with the International Solar Alliance and represented India in UNFCCC climate negotiations. The disclosure confirms he has no relationship with existing directors and is not debarred from holding a director position.
This is a routine board change reflecting the government's ongoing nomination of officials to public sector bank boards. It has no direct material impact on shareholders as Government Nominee Directors represent the owner's interest rather than bringing operational or strategic changes.