Union bank

BBB Is Calling for Applications for Union Bank of India MD Position

The Banks Board Bureau (BBB) ​​has called for applications for the post of Managing Director and Managing Director of Union Bank of India for a term of three years.

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

According to the Banking Regulation Act, the upper age limit for the general manager 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 received a two-year extension last year.

The candidate must be in the age range of 45 to 57 years old on June 1, 2022 and the deadline to submit the complete application online is January 28, 2022.

The candidate must also have a minimum of 15 years’ experience in the traditional banking sector, including at least one year on the board of directors.

BBB also seeks candidates of integrity and standing with knowledge and experience in the banking industry who have proven management skills, demonstrated leadership and innovative skills to build and inspire a team. Experience in institutional development in the banking sector is a plus.

The MD & CEO will hold office for a term of three years from the date he takes office, subject to the retirement age of 60.

BBB is the headhunter for public banks and financial institutions. Created in 2016, it is the advisory body formed by the government for the selection of candidates for appointment at the highest level of the boards of directors.

(With PTI entries)

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