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Appointments Committee of the Cabinet Approves Asheesh Pandey as MD & CEO of Union Bank of India and Kalyan Kumar as MD & CEO of Central Bank of India.

Appointment | Dated: 02 Oct 2025

On September 30, 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister Narendra Modi, approved the appointment of Asheesh Pandey as Managing Director (MD) and Chief Executive Officer (CEO) of Union Bank of India (UBI), and Kalyan Kumar as MD & CEO of Central Bank of India (CBI). Both appointments are for a tenure of three years, effective from the date of assuming charge.

🎯 Key Highlights:

  • - The appointments were approved by the ACC, Government of India, and were recommended earlier on May 30, 2025, by the Financial Services Institution Bureau (FSIB), which oversees top-level appointments in public sector banks.
  • - Asheesh Pandey succeeded A. Manimekalai, whose term as MD & CEO of UBI ended in June 2025, while Kalyan Kumar replaced Matam Venkata (M.V.) Rao, who retired from the post of MD & CEO of CBI in July 2025.

💡 Other Important Facts:

  • (i) Asheesh Pandey began his banking career at Corporation Bank, Mumbai, before joining UBI, where he held roles such as Chief General Manager (CGM) and Chief Operating Officer (COO). He contributed significantly to process automation, digitization, and the establishment of insurance and Mutual Fund (MF) businesses.
  • (ii) In 2021, Asheesh Pandey was appointed Executive Director (ED) of Bank of Maharashtra (BOM). At BOM, he handled key portfolios including credit, treasury, merchant banking, foreign transactions, Joint Ventures (JVs), marketing, and customer relationship management.
  • (iii) Kalyan Kumar began his banking journey in 1995 as a Rural Development Officer in UBI. Over the years, he held several positions, including Branch Head of large branches, Faculty at Staff Training Centres, Principal of the Staff College, and CGM of Human Resources (HR).

📚 Test Your Knowledge:

Who has been recently appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Union Bank of India (UBI)?

Correct Answer: Asheesh Pandey

🚀 Quick Recap:

About Central Bank of India (CBI)

  • Chief Executive Officer : Matam Venkata (M.V.) Rao
  • Headquarter : Mumbai