Union bank

Union Bank appoints Nidhu Saxena as chief executive

Union Bank of India Ltd. announced that the bank has appointed Nidhu Saxena, Managing Director, UCO Bank, as Executive Director of the Bank for a period of three years from the date of taking office, i.e. from February 1, 2022, or until further notice, whichever comes first.

Nidhu Saxena is a Commerce graduate and also holds a Masters in Business Administration as well as a CAIIB qualification. Prior to his 25 years of banking experience, he had 8 years of corporate experience in different industries. He started his banking career at Bank of Baroda where he worked for 10 years and later joined UCO Bank.

Nidhu has worked in different locations and branch categories throughout his banking career. He has held various positions throughout his career including Branch Manager, Area Manager in Pune and Surat areas of the bank. Prior to his association with UCO Bank of India, Nidhu worked as Managing Director and Vertical Head for Retail Lending, MSME and Bancassurance businesses at UCO Bank.

Union Bank of India is currently trading at Rs47.70 up Rs1.25 or 2.69% from its previous close of Rs46.45 on BSE. The certificate opened at Rs46.65 and touched an intraday high and low of Rs48.15 and Rs46.65 respectively.