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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.
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