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.
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