Union bank

BBB calls for applications for the post of Managing Director of Union Bank of India

The Banks Board Bureau (BBB), the headhunter for public banks and financial institutions, has called for applications for the post of Managing Director and Managing Director of Union Bank of India for a three-year term.

The post of Managing Director and CEO would become vacant at Mumbai-based Union Bank of India when Rajkiran Rai G retires in May 2022.

The three-year term begins from the assumption date and will be subject to the normal retirement pension age of 60, BBB said in an announcement inviting the candidacy. In accordance with the law on banking regulation, the upper age limit for the managing director of nationalized banks is 60 years.

Rai was appointed Managing Director of Union Bank of India on July 1, 2017, for a three-year term until June 30, 2020. He was given a two-year extension last year.

As eligibility criteria, BBB said that Indian nationals, aged 45 to 57, with exemplary backgrounds should apply with at least 15 years of experience in the traditional banking industry, including at least one year at the board level. administration.

The deadline for submitting the full online application is January 28, 2022, he added.

Established in 2016, the Banks Board Bureau is the advisory body formed by the government for the selection of candidates for management positions.

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear reader,

Business Standard has always strived to provide up-to-date information and commentary on developments that matter to you and have broader political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these difficult times resulting from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative views and cutting-edge commentary on relevant current issues.
However, we have a demand.

As we fight the economic impact of the pandemic, we need your support even more so that we can continue to provide you with more quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve the goals of providing you with even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital editor