Archive · 2 Jun 2025
FSIB Recommends New MDs for Union and Central Bank of India
The Financial Services Institutions Bureau (FSIB) has recommended two new Managing Directors for major Indian banks.
Asheesh Pandey is recommended for Union Bank of India, while Kalyan Kumar is recommended for Central Bank of India.
The current MD of Union Bank of India is ending her term next month, and the current MD of Central Bank of India will retire in July.
FSIB interviewed 23 candidates before making its recommendations.
The final decision will be made by the Appointments Committee of the Cabinet, which is led by the Prime Minister.
FSIB recommended Asheesh Pandey and Kalyan Kumar as MDs of Union Bank and Central Bank.
Asheesh Pandey is currently ED at Bank of Maharashtra.
Kalyan Kumar is currently ED at Punjab National Bank.
The current MD of Union Bank of India will complete her term next month.
MV Rao will superannuate in July.
- Who
- Financial Services Institutions Bureau (FSIB) recommended Asheesh Pandey and Kalyan Kumar.
- What
- FSIB recommended Asheesh Pandey and Kalyan Kumar as MDs of Union Bank and Central Bank, respectively.
- When
- Recommendations were made on Friday, with appointments to take place next month and in July.
- Where
- Union Bank of India and Central Bank of India.
- Why
- To fill the Managing Director positions at Union Bank of India and Central Bank of India.
- Recommended for
- Asheesh Pandey
- Recommended for
- Kalyan Kumar
- Asheesh Pandey
- Union Bank of India
- Kalyan Kumar
- Central Bank of India
- Current MD, Union Bank of India
- A Manimekhalai
- Current MD, Central Bank of India
- MV Rao
- Candidates Interviewed
- 23
- Final Decision by
- Appointments Committee of the Cabinet