Mumbai, Maharashtra, India, October 2025 — Asheesh Pandey has been appointed as the Managing Director of Union Bank of India, marking his return to the institution where he previously served in multiple senior leadership roles. With nearly three decades of experience in the Indian banking sector, Pandey brings a wealth of expertise in retail, corporate, and international banking.
Before this appointment, he was Executive Director at Bank of Maharashtra, where he played a pivotal role in enhancing operational efficiency, improving governance frameworks, and driving business growth.
Pandey’s long association with Union Bank of India spanned close to 24 years, during which he held key positions including Chief General Manager & Chief Operating Officer, General Manager – Credit Monitoring, DGM & Regional Head Jaipur, and DGM & Executive Secretary to the Chairman & MD. He was also instrumental in creating joint ventures such as Star Union Dai-ichi Life Insurance and Union KBC Asset Management Company Limited, contributing to the bank’s diversification and strategic expansion.
Earlier in his career, Pandey also gained extensive experience in credit monitoring, governance, and operational excellence, shaping his leadership approach. His return to Union Bank of India as MD is expected to further strengthen the bank’s position in India’s competitive financial sector and accelerate its growth trajectory.
About Union Bank of India
Union Bank of India is one of the country’s leading public sector banks. Headquartered in Mumbai, it was registered on November 11, 1919, and today has a strong domestic and international presence. On April 1, 2020, Andhra Bank and Corporation Bank were amalgamated into Union Bank of India.
The Bank has a network of more than 8,400 branches, 9,300+ ATMs, 74,500+ employees, and 19,500+ business correspondents across India. It also operates overseas through branches in Dubai and Sydney, as well as a subsidiary in London and joint ventures in Malaysia. As of June 30, 2024, the Bank’s total business stood at ₹21,36,405 crore. With a strong focus on digital banking, financial inclusion, and innovation, Union Bank of India continues to reinforce its position as a trusted leader in the financial services sector.
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