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Public Sector Bank
Management Change14 May 2026, 05:51 pm

Union Bank Appoints Dr. Debasish Prusty as Govt Nominee Director

AI Summary

Union Bank of India announced the appointment of Dr. Debasish Prusty as the Government Nominee Director, effective May 13, 2026. This appointment, made by the Central Government, is until further orders and replaces Shri Rohan Chand Thakur. Dr. Prusty, an Additional Secretary in the Ministry of Finance, brings over 26 years of experience in public finance and sustainable development. He has no relationship with existing directors and is not debarred from holding office.

Key Highlights

  • Dr. Debasish Prusty appointed as Government Nominee Director effective May 13, 2026.
  • Appointment made by Central Government, replacing Shri Rohan Chand Thakur.
  • Dr. Prusty is an Additional Secretary in the Ministry of Finance.
  • He has over 26 years of experience in public finance and sustainable development.
  • Dr. Prusty has no relationship with existing directors.