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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 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 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 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 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 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.
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 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