Union Bank of India CEO Rajkiran Rai gets 2-year extension
Updated : July 01, 2020 07:15 AM IST
Rai’s term, which was to end on June 30, 2020 has now been extended till May 31, 2022, or until further orders, whichever is earlier.
The extension comes amid the bank’s integration with Andhra Bank and Corporation Bank, which came into effect on April 1, 2020.
The merger has made Union Bank the fifth largest public sector bank in the country with assets of over Rs 14.5 lakh crore.