Ms. A. Manimekhalai
Ms. A. Manimekhalai
Managing Director & CEO
(from 03.06.2022)

Ms. A. Manimekhalai is a seasoned Banker with experience of more than 3 decades. She started her career in erstwhile Vijaya Bank as an Officer in 1988 and rose successively as Branch Head, Regional Head and Functional Head of various Departments at Corporate Office. She was instrumental in devising & implementation of strategic policies covering core areas like strategic planning, setting organizational goals, growth strategies, action plans, compliance, internal control, etc.

Prior to joining Union Bank of India, Ms. A Manimekhalai was an Executive Director at Canara Bank, wherein she oversaw strategic planning, credit & related matters, inspection, marketing and financial inclusion, State Level Lead Bank responsibilities and the functioning of Regional Rural Banks. She played a pivotal role in effecting successful amalgamation of Canara Bank and Syndicate Bank. She has extensive experience as Director on the Board of five other companies namely Canbank Factors Ltd., Canbank Computer Services Ltd., Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd., General Insurance Corporation of India, India Infrastructure Finance Company Ltd. and Trustee, Canara Robeco Asset Management Co.

A member of various committees and working groups constituted by Government of India, she has actively contributed towards policymaking, including drawing the future road map of RRBs, Financial Inclusion, Agriculture Value-chain Finance, Banking Correspondent issues and creating synergies for seamless credit flow to Health Care and Education.

Ms. Manimekhalai holds Master of Business Administration (Marketing) from Bangalore University, and a Diploma in Human Resource Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. A beneficiary of various executive development programs at leading institutes of country, she is also a Certified Associate of Indian Institute of Bankers (CAIIB).

Shri Rajkiran Rai G
Shri Rajkiran Rai G.
Managing Director & CEO
(till 31.05.2022)

Shri Rajkiran Rai G. was Managing Director & CEO of Union Bank of India since July1st, 2017. Born on 19th May 1962, Shri Rai has more than three decades of rich banking experience which includes heading Industrial Finance Branch, Regions and Zonal Offices. Starting his career in 1986 as an Agricultural Finance Officer in Central Bank of India, Shri Rai rose through ranks heading various branches at different parts of the country for more than 17 years. On his elevation as General Manager, he was given the responsibility of heading the department of Human Resource Development. He was the Field General Manager of Mumbai Zone of Central Bank of India, when he was elevated to the post of Executive Director of Oriental Bank of Commerce.

He is the Chairman of Union Bank of India (U.K.) Limited, Union Asset Management Company, Star Union Dai-Ichi Life Insurance Company Limited, UBI Services Limited, and Director on the Board of EXIM Bank and United India Insurance Company Limited. Earlier, he has served on the Board of Oriental Insurance Company Limited, Canara HSBCOriental Bank of Commerce Life Insurance Co. Ltd. Shri Rai also served as Head of theCommittee to advise the Banks Board Bureau (BBB) on evolving suitable training &development programs for management personnel in Public Sector Banks.

Shri Rai was the Chairman of Indian Banks’ Association (IBA). Of his multiple responsibilities at the IBA, he also served as Chairman, Managing Committee and Chairman, Standing Committee on HR & IR, and Chairman, Wage Negotiation Committee.

Apart from the above, Shri Rai is presently holding the following positions:

  • Chairman, Governing Board of Institute of Banking Personnel Selection (IBPS).
  • Chairman, Committee to study and recommend a uniform system for the banks for classification of various disciplinary cases as Vigilance and Non-vigilance.

  • President, Indian Institute of Banking & Finance (IIBF).
  • President, Bankers’ Institute of Rural & Entrepreneurship Development (BIRED).
  • President of the State Level Bankers’ Committee (SLBC) in Andhra Pradesh.
  • Member, Advisory Board for Financial Inclusion Fund of NABARD.
  • Member, Governing Council of Bankers Institute of Rural Development (BIRD).
  • Member, Depositor Education and Awareness Fund (DEAF) of Reserve Bank of India.
  • Member, Governing Board of National Institute of Bank Management (NIBM).
  • Member, Search Committee for appointment of new Director of NIBM.
  • Member, Board of Directors of National Credit Guarantee Trust Co Ltd (NCGTC)

Shri Rai is an agricultural science graduate and also a certified member of Indian Institute of Bankers. A vivid learner, he has been benefitted of several executive development programmes at prestigious institutions of the country. A winner of several prestigious industry awards and accolades, Shri Rai is awarded ‘CEO with HR Orientation’ by World HRD Congress for his distinguished approach to capability building through training and leadership development. He has also been conferred Honorary Fellowship by Indian Institute of Banking & Finance (IIBF) in recognition of his invaluable contribution in the field of banking and finance.

Shri Manas Ranjan
Shri Manas Ranjan
Biswal

Executive Director
(till 30.04.2022)

Shri Manas Ranjan Biswal assumed the charge as Executive Director of Union Bank of India on 01.03.2019.

Shri Biswal, aged 59 years is a Graduate in science and a Certified Associate of Indian Institute of Bankers (CAIIB). He joined Punjab National Bank (PNB) in 1985 as a Management Trainee and prior to his elevation as Executive Director of Union Bank of India, he was General Manager at the Corporate Office of PNB heading the Resolution and NCLT Division.

Shri Biswal is a seasoned banker with over 36 years of rich experience in various administrative and functional capacities at Branches, Regional Offices, Zonal Offices and Corporate Office Level. He has also worked for more than 3 years as CEO of PNB’s Dubai Branch and Middle East operations and as Zonal Head of PNB’s Eastern Zone. At Corporate level, he has headed the Credit Monitoring and Review Division, Recovery Division, Resolution and NCLT Division of PNB.

Shri Nitesh Ranjan
Shri Nitesh Ranjan
Executive Director

Shri Nitesh Ranjan is the Executive Director of Union Bank of India since March 10, 2021. He is leading digital transformation in the Bank, and spearheading strategic shifts in Balance sheet, Customer experience and People development.

Shri Ranjan has been with the Bank since 2008 where he occupied several important positions in the Bank, namely, Head of Treasury Operations & Strategy, Chief Investor Relations Officer, Chief Economist and Regional Head. He started his career with Food Corporation of India as management trainee, and then moved to Andhra Bank.

He is a member of the Board of Directors of National Payments Corporation of India (NPCI), SUD Life Insurance Company Ltd and UBI Services Ltd. and member of IBA Steering Committee on PSB Reforms. Earlier, he was on the Board of SBI Global Factors Ltd, and FIMMDA (Fixed Income Money Market and Derivatives Association of India). He was also a founding member of India Forex Committee (IFXC).

Shri Nitesh Ranjan is a post-graduate in Economics. He has completed Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt. Ltd. He also dedicated 100 days for imparting ‘Spoken English Programme’ to underprivileged youth, under Teach-India initiative.

Shri Rajneesh Karnatak
Shri Rajneesh Karnatak
Executive Director

Shri Rajneesh Karnatak was a Chief General Manager of Punjab National Bank posted at Corporate Office. He is a Post Graduate in Commerce (M.Com) and is a Certified Associate from Indian Institute of Bankers (CAIIB).

Shri Karnatak has a rich banking experience of over 27 years and carries varied branch and Administrative office experience. As General Manager in erstwhile Oriental Bank of Commerce, he has headed Large Corporate Credit Branches and verticals such as Credit Monitoring, Digital Banking and Mid Corporate Credit. Post the amalgamation of Oriental Bank of Commerce into Punjab National Bank, he has also headed Credit Review & Monitoring Division and Corporate Credit Division in Punjab National Bank.

Shri Karnatak has attended various training and Leadership Development Programs from IIM-Kozikode and JNIDB Hyderabad and has also taken part in Advance Management Programme at IMI (International Management Institute) Delhi & IIBF (Indian Institute of Banking & Finance). He was a part of 1st batch of Senior Officers selected by Banks Board Bureau for Leadership Development Program of IIM Bangalore & Egon Zehnder. He carries with him credit appraisal skills including project funding & working capital funding along with Risk Management with specific reference/special emphasis on Credit Risk.

He has served as Nominee Director on the behalf of Punjab National Bank in the Board of:
1. PNB Housing Finance Ltd. and
2. India SME Asset Reconstruction Company Limited
Also served as Board Trustee on behalf of Punjab National Bank on IAMCL (IIFCL Asset Management Co.Ltd.).

He is presently Nominee Director on the Board of UBI Services Ltd.

Shri Nidhu Saxena
Shri Nidhu Saxena
Executive Director

Shri Nidhu Saxena assumed the charge as Executive Director of Union Bank of India on 01.02.2022.

Shri Nidhu Saxena, aged 53 years is a Commerce graduate and also holds a Masters in Business Administration along with CAIIB qualification. Prior to his 25 years of banking experience, he had 8 years of corporate exposure in varied sectors. He started his banking career at Bank of Baroda where he worked for 10 years after which he joined UCO Bank.

Throughout his banking career, he has worked at several locations and with different branches including specialised NRI Branch, Centralised Retail Hubs and also administrative offices including Central Office. He donned various roles including Branch Head and Zonal Head. Prior to joining Union Bank of India, he headed the verticals of Retail Credit, MSME and Bancassurance businesses at UCO Bank.

Shri Sameer Shukla
Shri Sameer Shukla
Government Nominee Director

Shri Sameer Shukla is an officer of Indian Administrative Service (IAS) belonging to 2005 batch of Karnataka Cadre.

At present, he is working as Joint Secretary in Ministry of Finance, Department of Financial Services, Government of India.

He has been appointed as Government Nominee Director on the Board of Union Bank of India w.e.f. 08.11.2021. He has done Bachelor’s in Electronics Engineering.

Experience in Government of India
Earlier, he has worked in the Ministry of Information and Broadcasting and Ministry of Steel, Government of India.

Experience in Government of Karnataka

  • Deputy Commissioner and District Magistrate in Districts of Bidar, Dharwad and Ballari.

  • Chief Executive Officer Zila Panchayat, Raichur in Rural Development and Panchayati Raj Department.

  • Managing Director of Mysore Minerals Limited in Industries Department.

  • Mission Director in Rural Development.

  • Commissioner in Skill Development, Entrepreneurship & Livelihood Department.

He has also worked in HCL Infosystems, private sector, as network engineer before joining Government Service as an IAS.

Shri Arun Kumar Singh
Shri Arun Kumar Singh
RBI Nominee Director

Shri Arun Kumar Singh is currently the head of Department of Information Technology, Reserve Bank of India, Central Office Mumbai, spearheading technological development in the Bank, particularly, in the areas of Currency Management, Government Banking, Payment System, Cyber Security, Data Centre upgradation, Internal Applications, IT Infrastructure, etc.

He has had a wide and rich experience of working in RBI in various capacities in the field of Government Banking, Financial Inclusion, Non-Banking and Banking Supervision, Banking Regulation, Monetary Policy, Information Technology, etc. He was actively engaged in regulation and supervision of non-banking financial companies for long period. He has acted as Principal Inspecting Officer / Senior Supervisory Manager for various commercial banks and has actively participated in first Asset Quality Review (AQR) of banks as well as Risk-based Supervision (RBS) related processes and development. He was also involved in framing banking policies in various capacities. He has also served as nominee director on Regional Rural Bank and assisted in regulatory and development issues under monetary policy formulation process. Just before his current assignment, he was Regional Director for Rajasthan for three years [2019-22] and carried out his Central Banking responsibilities in the areas of currency management, financial inclusion, financial literacy,banking / non-banking development, Government banking, etc. in the state of Rajasthan.

Shri Arun Kumar Singh has done his Graduation in Economics and MBA in Finance and HR. He is also a Certified Associate of the India Institute of Banking (CAIIB).

Shri Suraj Srivastava
Shri Suraj Srivastava
Part-Time Non-Official Director

Shri Suraj Srivastava is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and also a Bachelor of Laws (LL.B.).

Shri Srivastava has a rich professional experience of over 16 years as a practicing Chartered Accountant in taxation and audit practice. As a partner of M/s Batra Sapra & Co., Shri Srivastava has done statutory audits, concurrent audits and branch audits of various Public Sector Banks, Public Sector Undertakings and other Companies.

Shri Srivastava has also completed Information Systems Audit (ISA) Assessment test from ICAI.

Shri Laxman S Uppar
Shri Laxman S Uppar
Part-Time Non-Official Director

Shri Laxman S Uppar assumed the charge as the Director of Union Bank of India on March 21, 2022.

Shri Uppar has done Bachelor’s in Engineering. He is a noted Educationist, Philanthropist and Founder of Karnataka Classic Education Private Ltd., Dharwad. He has also started Spardha Spoorti Publishers & Printers Pvt. Ltd., Dharwad in 2012, which publishes books and magazines for various competitive examinations.

Currently, he is the Chairman of the Classic International Public School and also Classic Little Buds, Classic PU & Degree College, Dharwad.

Shri Uppar besides giving donations to orphanage centres, educational institutions and religious organisations also helps students having rural and poor background.

Shri Uppar has been bestowed with many National level awards for his service to educational and social sector.

Dr. Jayadev Madugula
Dr. Jayadev Madugula
Shareholder Director

Dr. Jayadev Madugula has been elected as Shareholder Director of the Bank w.e.f. 28.06.2021 for a period of three years. He is Post Graduate in Commerce and Ph.D. in Business Management. Presently, he is Professor of Finance & Accounting at IIM,Bangalore.

Dr. Jayadev has rich experience of teaching not only in premier institutions in India but also as a Visiting Professor in various universities abroad. He has published various books and research articles in national and international journals and has won various awards and accolades in the field of education. He was the Shareholder Director of the Bank from June 28, 2018 to June 27, 2021.

Smt. Priti Jay Rao
Smt. Priti Jay Rao
Shareholder Director

Smt. Priti Jay Rao is M.Sc (Mathematics) from IIT Bombay with specialization in Computer Science. She is a passionate advocate of amplifying business value, leveraging Technology, Human Resources and Process Automation.

She has to her credit, 24 Years of diverse experience in building and delivering range of IT services for customers located across all the five continents. During her stint in various Companies, she played a pivotal role in supporting IT teams, delivering software services and managing large scale recruitment, training and assimilating large employee base.

She is inclined towards a leadership skill that requires both knowledge and vision of technology with the ability to envisage how technology might affect organizational dynamics to help organisations accelerate technology adoption.

She is the member of Board of Directors of Public and Private companies related to various aspects of technology services and products for last several years.

She is also actively engaged in CSR activities with being chairperson and founder of Aatmaja Foundation, with a mission to provide financial assistance, special coaching, counselling, other requisite support to deserving bright young girls from disadvantaged background to enable them to grow into empowered, confident professionals with strong values.