Union Bank of India, one of the leading public sector banks in the country, has officially announced the extension of the term of its Executive Director Shri Ramasubramanian S. The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

According to the filing made with BSE Limited and the National Stock Exchange of India Limited, the Department of Financial Services (DFS), Ministry of Finance, Government of India, has issued a notification (no. eF.No.4/4(ii)/2024-BO.I) on September 15, 2025. This notification clearly states that the tenure of Shri Ramasubramanian S. has been extended beyond his currently notified term ending on November 20, 2025, till the date of his superannuation on June 30, 2027, or until further orders, whichever is earlier.

The disclosure, signed by Company Secretary Mr. Mangesh Mandrekar, confirms that the Bank has complied with regulatory obligations and intimated the stock exchanges. The intimation was uploaded via the BSE Listing Centre under Scrip Code 532477 and the NSE NEAPS platform under Symbol UNIONBANK-EQ.

This move is seen as part of the Government of India’s strategy to maintain stability in leadership and continuity of decision-making at major public sector banks. Shri Ramasubramanian S. has played a key role in strengthening Union Bank’s governance and strategic direction, and the extension is expected to ensure smooth progress of various ongoing initiatives.

The Bank clarified that this extension aligns with the directives of the Finance Ministry and reflects confidence in the Executive Director’s leadership. There will be no immediate operational or financial impact on the Bank, but it assures stakeholders of strong management continuity.

The announcement comes at a crucial time when public sector banks are under the spotlight for digital transformation, credit expansion, and maintaining asset quality. Union Bank, being one of the largest PSBs, plays a vital role in implementing government-backed schemes, supporting infrastructure financing, and boosting financial inclusion.

The corporate filing is not just a statutory compliance, but also an important piece of information for shareholders, investors, and market participants who closely monitor leadership developments in the banking sector.

With the extension of Shri Ramasubramanian S.’s tenure till June 2027, Union Bank of India ensures continuity in top management, regulatory compliance, and strategic growth direction, which will positively influence investor confidence and market perception.

In summary, this extension underlines the importance of strong leadership stability in public sector banks, ensuring that governance and growth agendas continue seamlessly under experienced leadership.

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