India Appoints Asheesh Pandey as MD and CEO of Union Bank, Succeeding A. Manimekhalai

Asheesh Pandey has been appointed Managing Director and Chief Executive Officer of Union Bank of India for a three-year term, following approval by India's Appointments Committee of the Cabinet. The term runs for three years from the date he assumes office, or until further orders, whichever is earlier. Pandey succeeds A. Manimekhalai, whose three-year term at the helm of the bank came to a close in June 2025.

The appointment followed the standard central government process governing leadership changes at public sector banks, in which the Appointments Committee of the Cabinet exercises final approval authority. Pandey was previously Executive Director at Bank of Maharashtra.

BACKGROUND

Andhra Bank and Corporation Bank were amalgamated into Union Bank of India in 2020.