Mumbai: Union Bank of India has announced key changes in its senior management, notifying stock exchanges in compliance with Regulation 30 and Regulation 51 of SEBI (LODR) Regulations, 2015.
Mr Bhaskara Rao Kare, serving as Chief General Manager, superannuated on January 31, 2026, marking the completion of his distinguished tenure with the Bank.
Following his retirement, Sarvesh Ranjan, previously General Manager, has been promoted to Chief General Manager effective February 1, 2026.
Mr Ranjan Brings Nearly Three Decades of Banking Experience
Mr Ranjan is an Engineering Graduate with nearly 30 years of experience in banking. He currently oversees Central Reconciliation, Transaction Monitoring, and AML functions of Union Bank of India.
Throughout his career, he has served in multiple capacities across branch banking, regional and zonal offices, staff training institutions, and the corporate office.
He has also undergone advanced leadership and capacity-building programs from the University of Applied Sciences, Switzerland, ISB Hyderabad, and holds IT and Cybersecurity certification from IDRBT, Hyderabad.
Focus on Leadership and Governance Excellence
Union Bank of India emphasized that this disclosure is part of its commitment to transparency and regulatory compliance. The Bank stated that it continues to strengthen its leadership framework to support sustainable growth, governance excellence, and operational efficiency.
About Union Bank of India
Union Bank of India is one of India’s leading public sector banks, offering a wide range of banking and financial services to retail, corporate, and institutional customers. With a strong nationwide presence and a focus on financial inclusion, digital banking, and prudent risk management, the bank continues to play a vital role in supporting India’s economic growth and financial stability.
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