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Union Bank of India CMD Rajkiran Rai gets 2-year extension

Sumit Arora Published On July 10th, 2020 Leave a comment

Union Bank of India’s managing director and CEO, Rajkiran Rai an extension of two-year given in its ongoing merger process with Andhra Bank and Corporation Bank. Rai, whose term would have ended yesterday, will now be serving till May 31, 2022.

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Rai was appointed as the managing director of Union Bank on July 1, 2017, for a period of 3 years until June 30, 2020. The extension of Rai’s tenure implies to facilitate the merger properly. The merged entity is now India’s fifth-largest public sector bank.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.