https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

FSIB Recommends Asheesh Pandey for Union Bank, Kalyan Kumar for Central Bank of India Top Roles – Know More

The final appointments will be subject to further approval by the Appointments Committee of the Cabinet (ACC) and any statutory clearances, as per standard protocol.
Indian Masterminds Stories

New Delhi: In a significant leadership update in India’s banking sector, the Financial Services Institutions Bureau (FSIB) has recommended Asheesh Pandey and Kalyan Kumar for the roles of Managing Director (MD) and Chief Executive Officer (CEO) of Union Bank of India and Central Bank of India, respectively.

Selection After Rigorous Interviews
According to an official notification issued on May 30, 2025, FSIB interfaced with 23 senior executives from various Public Sector Banks (PSBs) between May 27 and May 30. The selection was based on candidates’ performance in the interface, their overall experience, and in accordance with current eligibility norms.

About the Appointees
Asheesh Pandey is currently serving as Executive Director at Bank of Maharashtra. He has been recommended for the upcoming vacancy in Union Bank of India, as current MD & CEO A Manimekhalai is set to complete her tenure next month.

Kalyan Kumar, presently Executive Director at Punjab National Bank, has been selected for the MD & CEO role at Central Bank of India. Incumbent MD MV Rao is expected to retire in July 2025.

Transition Timing and Background
These leadership changes come at a pivotal time for both banks. Union Bank and Central Bank have been critical players in the financial inclusion and credit delivery ecosystem, and leadership continuity is considered crucial as they navigate regulatory reforms, digital transformation, and capital adequacy goals.

The final appointments will be subject to further approval by the Appointments Committee of the Cabinet (ACC) and any statutory clearances, as per standard protocol.

About FSIB
The Financial Services Institutions Bureau (FSIB), formerly the Banks Board Bureau (BBB), is the government’s headhunting body for selecting top executives in public sector banks, insurance companies, and financial institutions.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
Bihar Government-resized-IM
Major Bureaucratic Reshuffle in Bihar: 6 IAS, 5 IPS & Over 100 BAS Officers Transferred; Anil Chaudhary Appointed Special Secretary, Home Dept
Ministry of Defence
Defence Ministry Opens Missile and Ammunition Production to Private Sector, Boosts Aatmanirbhar Bharat
Delhi Police
Delhi Police Commissioner Satish Golchha Orders Formation of 3 Units for Contingency Action Plan Amid Nepal Protests
Rajasthan High Court
Rajasthan High Court Allows Prosecution of Retired IAS Officer in Rs 8 Crore Wheat Scam
Uttar Pradesh CM resized
Sacred Confluence, Modern Vision: Yogi Govt Approves Rs. 1 Crore to Develop Durvasa Ashram as Tourism Hub in Azamgarh
Aapki Punji
Every Penny Counts: Finance Minister Launches "Aapki Punji, Aapka Adhikar" Campaign to Return Unclaimed Assets to Citizens
NATPOLREX
NATPOLREX-X 2025: Indian Coast Guard Hosts Mega Marine Pollution Exercise with 32 Nations in Chennai
CM Vishnu Deo Singh
Chhattisgarh Unveils Its First National Highway Tunnel: A Landmark in India's Infrastructure Drive Built in Just 12 Months
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
Everything you ever wanted to know about e-murder, e-dacoity and data safety
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
ADVERTISEMENT
UPSC Stories
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
Read the inspiring journey of IAS Utkarsh Ujjwal, 2023 batch, Gujarat cadre. From IIT Guwahati to clearing...
Sagar Datta Majumdar UPSC CSE 2024 AIR 317
“Don’t get trapped in the vicious cycle of self-doubt,” says UPSC Achiever Sagar Datta Majumdar
Discover how Sagar Datta Majumdar from Agartala, Tripura, cracked UPSC CSE 2024 with All India Rank 317....
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
Bihar Government-resized-IM
Major Bureaucratic Reshuffle in Bihar: 6 IAS, 5 IPS & Over 100 BAS Officers Transferred; Anil Chaudhary Appointed Special Secretary, Home Dept
Utkarsh Ujjwal IAS
IAS Utkarsh Ujjwal Shares Key Advice for UPSC Aspirants: Work Ethic, Failure, and Focus
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
Dr G K Goswami IPS
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
ADVERTISEMENT
ADVERTISEMENT