https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

Unprecedented: Centre Removes Union Bank ED Pankaj Dwivedi, Reverts Him to GM Post Amid Pending Allegations

Rare Demotion of Serving ED-Level Officer at Public Sector Bank Sparks Attention. Union Bank’s Pankaj Dwivedi Reverted to GM Post Amid Allegation Probe.
Indian Masterminds Stories

New Delhi: In a rare and significant bureaucratic action, the central government has removed Pankaj Dwivedi from the post of Executive Director (ED) of Union Bank of India and reverted him to his earlier role as General Manager (GM) in Punjab & Sind Bank.

A notification issued by the Department of Financial Services (DFS) on June 24 announced that Dwivedi’s ED-level appointment has been cancelled with immediate effect.

Reversion to GM Rank Unprecedented at ED Level
Dwivedi was appointed ED at Union Bank of India for a three-year term beginning March 27, 2024. His abrupt removal just over a year into the tenure marks an extraordinary move, given the seniority and security typically associated with such appointments in public sector banks.

According to the DFS notification, Dwivedi will return to Punjab & Sind Bank, where he had served before his elevation.

Pending Charges May Have Influenced Decision
While the official notification did not mention any specific reason for the removal, multiple media reports suggest that the decision is linked to a pending chargesheet related to sexual harassment.

In August 2024, the Delhi High Court, while hearing a Public Interest Litigation (PIL) against his appointment, had questioned how Dwivedi was elevated to ED despite the unresolved allegations. The PIL had urged the court to block the appointment on grounds of procedural impropriety and pending internal complaints.

Implications for PSU Bank Governance
This action by the central government sends a strong signal regarding accountability and scrutiny in high-level bank appointments, particularly in the wake of increasing calls for transparency and ethical vetting in public institutions.

Although the matter is still under legal and departmental consideration, the move indicates a zero-tolerance stance towards allegations of misconduct—even when formal action is pending.

About Union Bank of India
Union Bank of India is a large public sector bank in India, headquartered in Mumbai. It was founded in 1919 and is listed on the stock exchange, with the Government of India holding 74.76% of the bank’s shares. The bank offers a wide range of banking and financial services to individuals, SMEs, and large corporations.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Chhattisgarh South Korea
CM Vishnu Deo Sai Meets ATCA in Seoul, ICCK Onboarded as Knowledge Partner for Chhattisgarh's Industrial Push
Rail News
Government Clears Rs 12,328 Crore Railway Upgrades to Enhance Connectivity, Logistics and Sustainability
100th Foundation Course LBSNAA
100th Foundation Course at LBSNAA Mussoorie Begins with 660 Officer Trainees from 19 Civil Services
Two crossed national flags on wooden table
India Ramps Up Lobbying in Washington Following US Dual Charge for Ambassador in India - Details Inside
PMO-building
Third Bureaucratic Shake-Up: Centre Set to Fill 19 Crucial Additional Secretary-Level Posts
WCL Western Coalfield
Leadership Boost: PESB Recommends SECL’s Sandeep Paranjape as Director (Technical) of Western Coalfields Ltd – Details Inside
REC Ltd
REC Limited Reports Record Rs15,713 Cr Profit in FY25 at 56th AGM; Releases ESG Sustainability Report
POWERGRID
POWERGRID Holds 36th Annual General Meeting Virtually, Highlights Strong Operational Performance & Future Growth Plans
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-08-25 at 13.56
Operation Hunt: IPS Dr. Karanraj Vaghela’s Mission to Nab Valsad’s Most Wanted
Dr
Resisted Flawed Schemes, Transferred Thrice In Three Months, Found Solace In Writing
WhatsApp Image 2025-08-11 at 4.48
IAS SVR Srinivas on Mumbai Trans Harbour Link, Tough Calls, and the Real Power of IAS Officers | Video Interview
ADVERTISEMENT
UPSC Stories
IAS Minnu P M
“Lazy, Sleepy, Yet Determined”: Minnu P M’s Honest Take on Cracking UPSC
Minnu PM, once a clerk in Kerala Police, cleared UPSC with AIR 150 after five years of struggle. Her...
IPS Ashish Tiwari
From IIT and Investment Banking to Public Service, Meet IPS Ashish Tiwari 
Ashish Tiwari, IIT graduate and former investment banker, chose public service over global finance. As...
WhatsApp Image 2025-08-12 at 7.27
First Attempt IRS, Fourth Attempt IPS: The Relentless Pursuit of Jitendra Kumar Yadav Who Cracked UPSC 3 Times
IPS Yadav is originally from Chhattisgarh. He was first selected for the IRS through UPSC and later for...
Social Media
Masahiro Hara
From Go Board to Global Use, How QR Codes Changed the World: IRAS Officer Ananth Rupanagudi Spotlights Masahiro Hara’s Vision
IRAS officer Ananth Rupanagudi shared a video on Masahiro Hara, the inventor of QR codes, highlighting...
IFS Susanta Nanda Video
A Mother’s Duty: Tigress Watches Over Cubs Splashing in Waterhole — Heartwarming Video Shared By Retd. IFS Officer Susanta Nanda
A tender wildlife video shared by Retd. IFS officer Susanta Nanda shows a tigress keeping watch over...
Mohanmala
Kaziranga Mourns: Beloved Elephant Mohanmala Passes Away After Five Decades of Service
Kaziranga National Park mourns the loss of Mohanmala, a beloved elephant who served over 50 years as...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Chhattisgarh South Korea
CM Vishnu Deo Sai Meets ATCA in Seoul, ICCK Onboarded as Knowledge Partner for Chhattisgarh's Industrial Push
Rail News
Government Clears Rs 12,328 Crore Railway Upgrades to Enhance Connectivity, Logistics and Sustainability
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
WhatsApp Image 2025-08-25 at 13.56
Dr
WhatsApp Image 2025-08-11 at 4.48
ADVERTISEMENT
ADVERTISEMENT