Govt appoints Asheesh Pandey as MD of Union Bank Kalyan Kumar as head of Central Bank of India

    New Delhi, Sep 30 (PTI) The government has appointed Asheesh Pandey as managing director (MD) and CEO of Union Bank of India and Kalyan Kumar as head of Central Bank of India for a period of three years.
    The Appointments Committee of the Cabinet, headed by the Prime Minister, approved these appointments for an initial period of three years, sources said.
    Pandey, currently Executive Director of Bank of Maharashtra, has been appointed as MD and CEO of Union Bank of India for a period of three years, with effect from the date of assumption of charge of the office.
    Later in the day, Pandey assumed charge as MD and CEO of Union Bank.
    Pandey started his career in the erstwhile Corporation Bank at its Industrial Finance Branch, Mumbai, and later worked in the Investment & International Banking Division in Mumbai.
    Pandey held the position of Chief General Manager (CGM) and Chief Operations Officer (COO) at Union Bank, where he successfully steered the integration and process harmonisation of the amalgamated entity, the bank said in a statement.
    Kumar, Executive Director of Punjab National Bank (PNB), will succeed MV Rao as MD and CEO of Central Bank of India after his superannuation in July.
    The Financial Services Institutions Bureau (FSIB) on May 30 recommended Pandey and Kumar for the posts of MD and CEO of Union Bank of India (UBI) and Central Bank of India, respectively.
    FSIB is headed by former Department of Personnel and Training Secretary Bhanu Pratap Sharma.
    Other members of the headhunter are Animesh Chauhan, former chairman and MD of erstwhile Oriental Bank of Commerce, the Reserve Bank's former executive director Deepak Singhal, and Shailendra Bhandari, ex-MD of erstwhile ING Vysya Bank.

(This story has not been edited by THE WEEK and is auto-generated from PTI)