Mumbai, Maharashtra, India, February 2026 – Dhirendra Jain has taken charge as Chief Financial Officer (CFO) of Union Bank of India, effective 1 February 2026. Expressing gratitude on assuming office, he acknowledged the trust placed in him by the Board and senior leadership and affirmed his commitment to strengthening the Bank’s financial governance and long-term value creation.
Prior to his elevation as CFO, Dhirendra Jain served as General Manager – Zonal Head, Varanasi at Union Bank of India, where he supervised over 530 branches and led a team of 3,500+ members across 10 Regional Offices in 14 districts of Uttar Pradesh. He was responsible for driving business growth and profitability across a business mix of approximately INR 70,000 crores.
Earlier, as General Manager – Dy Zonal Head, Zonal Office-New Delhi, he oversaw more than 320 branches across Delhi NCR, managing a large workforce and contributing to a business portfolio of around INR 2,00,000 crores. His leadership in operational performance and regional banking strategy strengthened the Bank’s presence in key markets.
In his role as General Manager – Large Corporate Vertical – Mumbai, he led the corporate banking portfolio covering NBFCs, Financial Institutions, and core industries such as Power, Cement, Steel, and Pharma. Managing nearly 22% of the Bank’s advances portfolio (approximately INR 1,80,000 crores), he delivered robust growth in NBFC advances and engaged actively with senior leadership of major business houses to enhance strategic relationships.
His earlier tenure includes serving as Deputy General Manager – Finance and Accounts (Deputy to CFO), where he gained deep exposure to financial controls, accounting, and governance functions. He also held multiple leadership roles including Deputy General Manager (Regional Head – Mumbai Andheri), Assistant General Manager – Finance and Accounts, and Chief Manager – Corporate Relationship Manager. Before joining Union Bank, he worked as Senior Manager at Punjab National Bank, contributing to credit and regional banking operations.
Dhirendra Jain has also completed the Leadership Development Programme (LDP) in Organizational Leadership from the Indian Institute of Management Bangalore, further strengthening his strategic and leadership capabilities.
About Union Bank of India
Union Bank of India is one of India’s leading public sector banks, with the Government of India holding 74.76% of its paid-up capital. Headquartered in Mumbai and established in 1919, the Bank expanded significantly following the amalgamation of Andhra Bank and Corporation Bank in April 2020.
The Bank operates a vast network of over 8,650 domestic branches, 8,300 ATMs, 74,100+ employees, and 26,600+ Business Correspondent points. As of 31 December 2025, its total business stood at Rs. 22,39,740 crores, comprising Rs. 12,22,856 crore in deposits and Rs. 10,16,884 crores in advances. Union Bank also maintains international presence through overseas branches and subsidiaries, and is recognized for its leadership in digital banking, financial inclusion, MSME support, and technology innovation.
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