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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 is the Chairman of Indian Banks’ Association (IBA). Of his multiple responsibilities at the IBA, he also serves 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 Dinesh Kumar Garg assumed the charge as Executive Director of Union Bank of India on 02.11.2018.
Shri Garg, aged 57 years, is a post graduate in Commerce (First Class) from Indore University and held 5th Rank in Merit List of the University in B. Com. Honours. He is also a Certified Associate of the Indian Institute of Bankers (CAIIB).
Prior to his elevation, he was General Manager at Bank of India (BOI), heading Business Process Re-engineering and Systems & Management Department of the Bank where he was spearheading improvement in various processes, structural changes and developed various new products and customer offerings.
Shri Garg in his Banking Career of over three decades has worked extensively both in the field and administrative offices. Apart from heading various branches of all sizes in various geographic areas of the country, he also worked as Zonal Manager of Muzaffarpur Zone, Bihar and Mumbai South Zone (largest zone of the BOI).
As General Manager, he headed one of the largest and important National Banking Group (Field General Manager) North-1, headquartered at New Delhi (spread over 7 states of North India) during 2015-2017. During his tenure as General Manager, North-1, he was also designated as a member of Management Committee on Credit Fund Scheme for Skill Development (Govt. of India).
Shri Garg also had a stint Abroad at Japan Centre (Tokyo and Osaka) for more than three years. He had also conducted Inspection & Audit of Singapore Branch of Bank of India.
Shri Birupaksha Mishra assumed the charge as Executive Director of Union Bank of India on April 1, 2020.
Shri Mishra, aged 59 years is a Post Graduate and a Certified Associate of Indian Institute of Bankers (CAIIB). He started his banking career as a Probationary Officer in the year 1984 and rose to a level of General Manager at Central Bank of India. Shri Mishra then got elevated to Executive Director of Corporation Bank.
He has a rich experience of more than 36 years in various administrative and functional capacities at Branches, Regional Offices and also at the Corporate Office. He has worked in various facets of Banking and has handled different portfolios including Credit and Credit Monitoring Portfolio, IT Vertical, etc.
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.
Dr. Madnesh Kumar Mishra aged 50 years is a Joint Secretary, Department of Financial Services, Ministry of Finance, Government of India and has been appointed as Government Nominee Director on the Board of the Bank w.e.f. 22nd July, 2016. He has done Ph.D. in Organisational Behaviour from XLRI, Jameshdpur and B.Tech in Production Engineering.
Dr. Mishra is an officer of Indian Revenue Service (IRS) belonging to 1990 batch. He has worked in various capacities in Income Tax Department and on deputation in Ministry of Youth affairs and Sports as Executive Director of Sports Authority of India under Central Staffing Scheme. He was the first Chief Executive Officer of National Dope Testing Lab of Sports Authority of India, founding member of World Anti-Doping Agency representing India at Montreal, member of Regional Film Certification & Sensor Board at Hyderabad.
Dr. Mishra was certified lead auditor of ISO 9001 and ISO 17025 Quality Management System. He has presented 9 papers in Seminars on topics related to Yoga, Samatva and Organisational Creativity.
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 Rajiv Kumar Singh has been nominated as Chartered Accountant Director on the Board of the Bank w.e.f. 06.02.2018.
Shri Rajiv Kumar Singh is a fellow member of the ICAI, a qualified Certified Information System Auditor (USA) and Valuer from the ICAI. He is an expert on Business Valuation, Banking, Corporate Finance & Strategy, M&A, Restructuring, Forex Risk Management, Internal Controls and Valuation related to litigation including economic damages. He has also been actively working with leading law firms in India and USA in relation to valuation matters. Over the past twenty two years, he has carried out complex transactional valuation analyses, transfer pricing valuation, fair value measurement for IFRS/Ind-AS/NFRS/Singapore-FRS, valuation for FEMA, and intangible asset valuation.
Shri Singh has contributed in academics by designing and delivering the maiden standards & courses viz. Business Valuation Standards in India (ICAI), the Valuation Course (ICAI & ICSI), Forex & Treasury Management Course and Master of Business Finance Course (ICAI).
Shri Singh is also a trainer and speaker. He has trained more than 4000 Chartered Accountants/Company Secretaries/MBAs in India and Nepal and has been a speaker in more than 700 seminars and training programs on valuation, banking and finance related topics at different professional/industry platforms.
Shri Singh was a member of the Accounting Standards Board of the ICAI for development of Ind AS-113 (Fair Value Measurement). He was the first Joint Technical Director and Visiting Professor of Valuation and Masters in Business Finance courses of the ICAI.
Dr. Uttam Kumar Sarkar has been re-elected as a Shareholder Director of Union Bank of India w.e.f. 28th June, 2018 for a period of three years. He is Ph.D. & M.Tech in Computer Science & Engineering. He has more than 28 years of teaching experience. Presently, he is Professor of Management Information System Group at Indian Institute of Management (IIM), Calcutta.
Dr. Sarkar was a Director on the Board of the Union Bank of India from June, 2015 to June, 2018 and a Member of the Board of Directors of IIM Calcutta Innovation Park from April, 2015 to April, 2018. He was a Visiting Professor at University of Florida, USA and Assistant Professor at Indian Institute of Technology (IIT), Delhi. His research publications appeared in major international journals and he carried consulting assignments for the Government of India in areas including education, food processing, agriculture and automation.
Shri K. Kadiresan has been elected as Shareholder Director of the Bank w.e.f. 28th June, 2018 for a period of three years. He is a Master of Marketing Management and Master of Arts. He is the Executive Director (Pension & Group Schemes) of Life Insurance Corporation of India.
Shri Kadiresan has over 3 decades of experience in the Life Insurance Industry, in pivotal departments such as Marketing, Corporate Communication, Finance & Accounts, Human Resources & also Investment Operations. He has served as the first CEO of the LIC’s wholly owned overseas subsidiary LIC Singapore Pvt. Ltd.
Dr. Jayadev M has been elected as Shareholder Director of the Bank w.e.f. 28th June, 2018 for a period of three years. He is Post Graduate, M.Phil and Ph.D. in Commerce. He has also passed Associate Examination of the Indian Institute of Bankers. 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 forums and has won various awards and accolades in the field of education. He is a member of Board of Directors of BgSE Financials Limited, subsidiary of Bangalore Stock Exchange Limited and on the Board of start-up ventures.