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Shri Rajkiran Rai G. is Managing Director & CEO of Union Bank of India since July 1st, 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, CorpBank Securities 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 HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. Shri Rai also served as Head of the Committee 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:
Shri Rai is an agricultural science graduate and also a certified member of Indian Institute of Bankers. A vivid learner, he has 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 Gopal Singh Gusain assumed the charge as Executive Director of Union Bank of India on 20.09.2018.
Shri Gopal Singh Gusain, aged 56 years, is a Science graduate from Garhwal University and is an Associate Member of Institute of Cost & Management Accountants of India and Indian Institute of Bankers. He also holds diploma in Treasury, Investment and Risk Management.
As a career banker with the Punjab National Bank (PNB), Shri Gusain has exposure of 24 years of working in field as well as administrative offices. He has worked in credit and risk management function extensively. He has held various positions such as Chief Executive of Hong kong Operations, Group Chief Risk Officer, Group Compliance Officer and General Manager Recovery, General Manager Corporate Credit.
He was core member of team which developed risk models & systems of PNB and also developed concept of large corporate credit structure. He was involved in developing Centralized Loan Processing System and was over looking EASE implementation in PNB for credit related actions.
He has active interest in trekking.
Shri Manas Ranjan Biswal assumed the charge as Executive Director of Union Bank of India on 01.03.2019.
Shri Biswal, aged 56 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 the PNB heading the Resolution and NCLT Division.
Shri Biswal is a seasoned banker with over 33 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 is the Executive Director of Union Bank of India since March 10, 2021. He was appointed to this position by the Central Government.
Shri Ranjan has been with the Bank since 2008. He was Chief General Manager, responsible for steering Bank’s vision and goals including strategic agenda of end-to-end digitization. Prior to this, he was the head of Treasury operations. He also occupied several important positions in the Bank, namely, Chief Investor Relations Officer, Head of Balance-Sheet Management Group, 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 on the Board of Directors of National Payments Corporation of India (NPCI) and Star Union Dai-ichi Life Insurance Company Limited. He was earlier 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, 44, is a post graduate in Economics. He has also completed Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt. Ltd. He dedicated 100 days for imparting ‘Spoken English Programme” to underprivileged youth, under TechIndia initiative.
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 also 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
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
The Central Government vide notification no. F. No. 6/03/2011-BO.I dated April 26, 2019 has nominated Shri Arun Kumar Singh as RBI Nominee Director on the Board of the Bank with immediate effect. Shri Arun Kumar Singh is currently Regional Director, Reserve Bank of India at Jaipur since April 2019 and is fulfilling his Central Banking responsibilities in the area of currency management, financial inclusion, financial literacy, banking / non-banking development, Government banking, etc. in the state of Rajasthan. He had worked in a commercial bank before he joined Reserve Bank of India 30 years back and has had a wide & rich experience of working in RBI in various capacities in the areas 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 and also served as Principal Inspecting Officer for a number of such companies in the northern region. He has acted as Principal Inspecting Officer / Senior Supervisory Manager for various commercial banks and was associated with Asset Quality Review of banks as well as Risk-based Supervision (RBS) related processes and development. He was involved in framing regulatory policies for banks as well and assisted in regulatory and development issues under monetary policy formulation process. Besides, he also served as a nominee director on one Regional Rural Bank. During the last one year of his stint in Central Office at Mumbai, he was at the forefront of technology development in Reserve Bank of India, particularly in the area of currency management & Government banking on e-Kuber platform, Enterprise Access Management System, Electronic Document Management System, Board Meeting Solution, other Internal Apps, etc. 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 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.
Dr. Jayadev Madugula has been elected as Shareholder Director of the Bank w.e.f. 28.06.2021for 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. He is a member of Board of Directors of Spin Technologies Pvt. Ltd. and Yagnam Ventures Pvt. Ltd.
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, levaraging 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 various CSR activities with a mission and objective 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