Union Bank of India has announced the appointment of Asheesh Pandey as its new Managing Director, marking a significant leadership transition for the public sector lender. With nearly three decades of experience in the Indian banking sector, Pandey brings a blend of institutional knowledge, operational expertise, and strategic vision to the role.
Prior to this appointment, Mr. Pandey served as Executive Director at Bank of Maharashtra, where he was instrumental in enhancing operational efficiency and driving the bank’s growth agenda. His tenure there further strengthened his reputation as a result-driven leader capable of aligning business goals with long-term organizational strategy.
Mr. Pandey is no stranger to Union Bank of India, having spent almost 24 years in leadership roles across critical verticals. His past positions include Chief General Manager & Chief Operating Officer, General Manager – Credit Monitoring, DGM & Regional Head Jaipur and DGM & Executive Secretary to the Chairman & MD. During these assignments, he played a pivotal role in governance, credit monitoring, operational excellence, and business expansion.
A strong advocate of innovation and diversification in banking, Mr. Pandey was also a key architect behind the creation of joint ventures such as Star Union Dai-ichi Life Insurance and Union KBC Asset Management Company Limited, both of which have added significant value to the bank’s portfolio.
With his return to Union Bank of India as Managing Director, Mr. Pandey is expected to build on the bank’s strong foundations while steering it toward sustainable growth. Industry observers anticipate that his deep expertise in retail, corporate and international banking, combined with his leadership experience at both Union Bank of India and Bank of Maharashtra, will further strengthen the bank’s position in an evolving financial landscape.
