Government Appoints New Executive Directors at Three Major PSU Banks

• Government appoints new EDs at three major public sector banks
• All appointments are for a three-year term or until further orders
• Leaders bring 30+ years of diverse banking experience

The government has appointed new executive directors at Union Bank of India, Central Bank of India and Bank of India, strengthening leadership across key public sector lenders. The appointments, made for a three-year term, were formalized through a central government notification dated November 24, 2025.

At Union Bank of India, Amresh Prasad has been named executive director. He previously served as Chief General Manager at Punjab National Bank. Prasad brings more than 32 years of experience across branch operations, zonal offices and corporate roles. His expertise spans corporate credit, credit review and monitoring, and transaction oversight. His term will continue for three years, until he reaches the age of superannuation on October 31, 2028, or until further orders.

The Central Bank of India has appointed E Ratan Kumar as its new executive director. Kumar, who spent his entire career at the bank since joining in 1997, most recently served as Chief General Manager. With nearly 35 years of experience, he has worked across core banking functions and information technology operations. His term begins once he assumes office.

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At Bank of India, Pramod Kumar Dwibedi took charge as executive director on November 24. Over his three-decade career, he has handled a wide range of responsibilities in India and overseas, gaining exposure across almost all verticals of banking and administrative functions.

These appointments follow similar leadership announcements made across other public sector banks earlier this week, reinforcing the government's efforts to strengthen governance and operational oversight in the banking sector.

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