CURRENT AFFAIRS

Detailed explanation-1: -Mumbai-November 15, 2022: Shri Srinivasan Varadarajan has been appointed as part-time Non-Official Director as well as Non-Executive Chairman of Union Bank of India on November 7, 2022.

Detailed explanation-2: -The central government vide its notification dated November 7, 2022 has appointed Varadarajan as part-time non-official director as well as non-executive chairman of the bank for a period of three years or until further orders, whichever is earlier, the bank said in a regulatory filing.

Detailed explanation-3: -Rakesh Makhija is an Independent Director on the Board of Axis Bank Limited since 27th October 2015. He is also the Non-Executive (Part-time) Chairman of the Bank since 18th July 2019.

Detailed explanation-4: -Corporate Communications, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400 021. Mumbai, November 21, 2022: Shri Ramasubramanian S. has assumed charge as the Executive Director of Union Bank of India. Shri Ramasubramanian S.