UNIONBANKBSEUnion Bank of IndiaMediumNeutral
Announced Mon, 18 May · 20:04 IST

Union Bank of India informed the exchanged about appointment of new Chief Risk Officer of the Bank.

Management Changes View source PDF

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Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹158.98
prior close
₹160.00
base price
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AI summary

Union Bank of India has appointed Smt. Sowmya Sridhar (General Manager) as Chief Risk Officer (CRO) w.e.f. 22nd May 2026. She replaces Shri Ashwini Kumar Ramakrishna Chowdhary, whose 3-year contractual tenure ended on 21st May 2026. Sowmya Sridhar has over 30 years of banking experience, is a certified FRM from GARP, and has 19 years of specialized risk management experience. She previously served as General Manager in Compliance for 1.5 years and has been in the Risk Management department since December 2025. Her appointment is for a term extending up to 31st August 2029.

Likely market impact

A routine succession at a senior risk management level, with the new CRO bringing extensive internal experience. No cause for concern for shareholders.