Money & Banking

Term of Union Bank MD extended

Our Bureau Mumbai | Updated on June 30, 2020 Published on June 30, 2020

The government has extended the term of Rajkiran Rai G as Managing Director and of Union Bank of India by two years till May-end 2022.

As per Finance Ministry’s notification, Rai’s term has been extended beyond his currently notified (three-year) term, which expires on June 30, till the date of his superannuation — May 31, 2022, or until further orders, whichever is earlier.

Rai had taken charge of UBI on July 1, 2017 from Oriental Bank of Commerce, where he was Executive Director.

Published on June 30, 2020
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