Shri D. Sarkar has taken over the charge as Chairman & Managing Director of the Bank since 1st April, 2012. Born on 3rd November, 1953, Shri Sarkar holds a post graduate in Commerce and is a qualified Fellow Chartered Accountant. In addition, he is also a Certified Associate of Indian Institute of Banking and Finance. Having started his career in Bank of Baroda, he worked in various capacities in Branches, Regional office, Zonal Office and Corporate Office. He was in charge of Internal Audit department of Bank’s Mauritius Operation at Port Louis. He also worked as in charge of Specialized Integrated Treasury Branch, Mumbai. Shri Sarkar assumed the office of the Executive Director of the Allahabad Bank on 07.12.2009. Shri Sarkar was instrumental in bringing all the branches under CBS platform in Allahabad Bank. He has taken initiative in introducing Risk Based Internal Audit in Allahabad bank. He was also associated with reactivating Loan syndication department, making Incentive Scheme broad based focusing on performance. Shri Sarkar is known for his expertise in Treasury & Corporate Credit focusing mainly on credit deployment

He was a Director on the Board of Central Securities Depository Ltd. Mumbai, Board of Bank of Baroda (Botswana) Ltd. (an overseas banking subsidiary of Bank of Baroda). He was a Trustee on the Baroda Pioneer Asset Management Company Ltd., Mumbai. He was also a member on Supervisory Board of India Advantage Fund Series sponsored by ICICI Venture Capital Management Company Ltd., Bangalore.

Shri Mundra assumed charge as Executive Director of Union Bank of India w e f September 1, 2010 . Born on 18th July, 1954, Shri Mundra is a Post Graduate in Commerce from the University of Pune and is also a Certified Associate of Indian Institute of Banking and Finance.
Prior to joining Union Bank, Shri S S Mundra was in the rank of General Manager of Bank of Baroda and took over as Chief Executive of Bank's European Operations w.e.f. 7th January, 2008 earlier to this he was holding the charge as General Manager Treasury and Resource Management at Mumbai.
He joined Bank of Baroda on 21st March, 1977 as a Directly Recruited Officer. In a Banking Career, spanning over three decades, he has held various positions across the country as well as overseas. Early in his career, he had been Branch Manager at various branches of the Bank as also in charge of Credit Functions of various Regional/Zonal offices of the bank. During the years 1994-1997 he was posted at Bank's subsidiary at Uganda. Shri Mundra had been in Bank's Treasury function from the year 2001 to 2005 and again in the year 2007.During the stint, he has workedin various Treasury functions including in charge of Money Market Operations, Heading the Treasury Back Office, Heading the Treasury Front Office and finally rising to the post of General Manager of entire Treasury Operations.
During the period 2005-2007, he was assigned to steer the Bank's follow on Public Offer which was completed in the month of January, 2006 with a resounding success. Thereafter, he took over as the Zonal Head of Bank's Maharashtra and Goa Zone, spanning over a large geographical area consisting of 204 branches and business level of Indian Rs. 10 Bn. Bank's new initiatives viz. SME Loan Factory, Gen-Next Branch etc. were launchedin the Zone during his time which later developed as a robust business model for the bank. He was also Secretary to the Board of Directors of the Bank in the year 2006 and has also been associated with Investor Relationship Function of the Bank for a long time.
He has travelled widely and has visited several countries in the course of Bank's assignments, seminars and also for a few specialised trainings. He has also been a visiting faculty to the Bank's Training Institutions as well as Training Institutions of other Banks and Banking Bodies. In India, Shri Mundra has represented the Bank as a Director on the Board of many companies viz. MITCON, Pune, Central Depositary Services Limited (CDSL), Mumbai, Clearing Corporation of Indian Limited (CCIL), Mumbai and Bob Asset Management Company.
He has recently been nominated as a Nominee Director of Govt. of India on the Board of India Infrastructure Finance Company (UK) Limited [IIFCL], London. Sh. Mundra is an avid reader and his reading interests range from Leadership literature, banking to Yoga and Philosophy.

Shri Suresh Kumar Jain has assumed charge as the Executive Director of Union Bank of India on 1st September 2011. He is a Gold Medalist in College and University with B.Sc(Hons.) & M.A.(Economics). Shri Jain has been a Professional Banker for over 33 years, having worked in various capacities across the country and abroad with specialization in Credit and Foreign Exchange. Prior to joining the Bank, Shri Jain was General Manager, Bank of India. Mr. S.K. Jain has rich experience in both domestic as well as international banking having worked in London and Hong Kong. He is a seasoned banker with varied experience in all areas of banking