Archive · 30 Sep 2025
Govt. Appoints New Heads for Union and Central Banks
The Indian government has selected new leaders for Union Bank of India and Central Bank of India.
Asheesh Pandey will be the head of Union Bank, and Kalyan Kumar will lead Central Bank.
These appointments are for three years.
Both Pandey and Kumar previously worked as Executive Directors.
Additionally, Shirish Chandra Murmu has been named Deputy Governor of the Reserve Bank of India, also for a three-year term starting October 9.
The Financial Services Institutions Bureau recommended Pandey and Kumar.
The government's committee finalized the appointments.
Asheesh Pandey appointed MD & CEO of Union Bank of India.
Kalyan Kumar appointed MD & CEO of Central Bank of India.
Appointments approved by the Appointments Committee of the Cabinet.
Appointments are for a three-year term.
Shirish Chandra Murmu appointed as Deputy Governor of RBI.
- Who
- Appointments Committee of the Cabinet
- What
- Approved appointments of Asheesh Pandey and Kalyan Kumar as MD & CEO of Union Bank of India and Central Bank of India respectively, and Shirish Chandra Murmu as Deputy Governor of RBI.
- When
- Recently approved; Pandey and Kumar's terms are for three years; Murmu's from October 9.
- Where
- Union Bank of India, Central Bank of India, Reserve Bank of India
- Why
- To fill MD & CEO and Deputy Governor positions.
- Appointing Body
- Appointments Committee of the Cabinet
- UBI CEO
- Asheesh Pandey
- CBoI CEO
- Kalyan Kumar
- Tenure Length
- Three years
- Pandey's Previous Role
- Executive Director, Bank of Maharashtra
- Kumar's Previous Role
- Executive Director, Punjab National Bank
- FSIB Recommendation
- May 30
- RBI Deputy Governor
- Shirish Chandra Murmu
- Murmu start date
- October 9
Sources
ACC clears appointments of Pandey and Kumar as chiefs of Union Bank and Central Bank, respectively
Asheesh Pandey appointed MD & CEO of Union Bank of India; Kalyan Kumar to lead Central Bank of India
Govt appoints new chiefs for Union Bank, Central Bank of India
