Union Bank of India Announces Completion of Non-Executive Chairman’s Tenure

Union Bank of India has announced the completion of Shri Srinivasan Varadarajan’s tenure as Non-Executive Chairman and Part-Time Non-Official Director. The leadership change was disclosed in compliance with regulatory requirements to maintain transparency.

Key Details of the Leadership Change

• Position: Non-Executive Chairman and Part-Time Non-Official Director
• Name: Shri Srinivasan Varadarajan
• End Date: November 6, 2025
• Effective Date of Cessation: November 7, 2025

The bank confirmed the update through official communication to stock exchanges.

Regulatory Compliance and Disclosure

Union Bank of India notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements. This ensures stakeholders remain informed about significant governance changes.

Impact and Next Steps

The bank has not announced a successor for the role. Market observers expect the appointment of a new chairman to influence strategic priorities and governance direction in the coming months.

Conclusion

Union Bank of India’s leadership transition reflects adherence to regulatory norms and commitment to transparency. Stakeholders will closely monitor the appointment of a new chairman and its potential impact on the bank’s future strategy.

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