Union Bank of India gets its new women MD for three years. First time in history, the bank has appointed a lady for the corner office role.
On 1st June 2022, the appointments committee of the cabinet (ACC) approved the proposal of the Union Finance Ministry to appoint present Canara Bank Executive Director (ED) Mrs. A Manimekhalai as the Managing Director and Chief Executive Officer (MD & CEO) of Union Bank of India.
Mrs. Manimekhalai has been appointed as (MD & CEO – Union Bank of India) for initial tenure of three years to succeed her predecessor Mr. Rajkiran Rai G whose tenure ended on 31st May 2022. As per government notification, after the initial three year tenure her tenure might be extended further by two years or until her retirement.
Source : Ministry of Finance website.
