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    Government extends Union Bank of India CEO Rajkiran Rai's term by another two years

    Synopsis

    In a notification, SR Mehar,deputy secretary in the department of financial services in the Ministry of Finance, said Rai's term which was ending on Tuesday has been now extended until May 31 2022.

    Union Bank CEO AgenciesAgencies
    Rai had taken over a CEO of the Mumbai-based lender on July 1, 2017.
    MUMBAI: The government has extended Union Bank of India (UBI) CEO Rajkiran Rai's term by another two years until his retirement on May 31 2022.

    In a notification, SR Mehar, deputy secretary in the department of financial services in the Ministry of Finance, said Rai's term which was ending on Tuesday has been now extended until May 31 2022.

    Rai had taken over a CEO of the Mumbai-based lender on July 1, 2017.


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