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On 10 July, 2020 Rajkiran Rai managing director and CEO of Union Bank of India an extension for further 2 year given in its ongoing merger process with Andhra Bank and Corporation Bank. Rajkiran Rai, whose term would have ended 9th July this year, Rajkiran Rai, will now be serving till May 31, 2022.

Rajkiran Rai was appointed as the MD of Union Bank on July 1, 2017, for a 3 year Tenure. The extension of Rajkiran Rai tenure implies to facilitate the merger properly. The Bank merged entity is now India’s 5th largest public sector bank.

Rajkiran Rai new CEO of Union Bank of India