Government Reshuffle In Banking: New Executive Directors At Union Bank, Central Bank & Bank of India

Inside the announcement  
According to official notifications, *Amresh Prasad, formerly Chief General Manager at Punjab National Bank, has been appointed Executive Director at Union Bank of India. **E Ratan Kumar, previously Chief General Manager at Central Bank of India, has joined the board as Executive Director. Meanwhile, **Pramod Kumar Dwibedi*, who served as Chief General Manager at Bank of India, has been elevated to Executive Director effective November 24, 2025.  

All three leaders bring decades of banking experience across corporate credit, risk management, MSME financing, and digital transformation. Their appointments reflect the government’s continued push for performance-oriented leadership in public sector banks.  

Notable updates  
• Amresh Prasad joins Union Bank of India with over three decades of banking expertise  
• E Ratan Kumar appointed Executive Director at Central Bank of India  
• Pramod Kumar Dwibedi takes charge at Bank of India until June 2028  
• Appointments made for three-year terms or until superannuation, whichever is earlier  
• Move aligns with broader reforms to improve governance and efficiency in PSBs  

Major takeaway  
These appointments highlight the government’s focus on strengthening operational leadership in public sector banks. By placing seasoned professionals at the helm, the aim is to enhance governance, improve credit monitoring, and drive growth in India’s banking ecosystem.  

Sources: Daily Pioneer, Rediff Money, PSU Connect, Economic Times