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Rajneesh Karnatak is an Indian career banker who serves as the managing director and chief executive officer (CEO) of Bank of India, [1] a public sector bank in India. [2] [3] He was appointed to this position by the government of India in 2023. [4]
Union Bank of India, commonly referred to as Union Bank, is an Indian public sector bank headquartered in Mumbai. It has 153+ million customers and a total business of Rs.21,36,405 crores as of 30 June 2024. [ 7 ]
He was a member of the Faculty of Union Bank Staff Training establishment at Bangalore for nearly seven years after exposure at field level from 1972 to 1981. Soon thereafter, he was posted to the Zonal Office of the bank. Union Bank's Zonal Office was going through a challenging phase being amongst the pioneers to introduce credit cards in India.
The Institute of Banking Personnel Selection (IBPS) is a central recruitment agency operating under the ownership of the Ministry of Finance in the Government of India that was started with an aim to encourage the recruitment and placement of young undergraduates, postgraduates and doctorates at the rank of Group 'A' officer, Group 'B' officer, Group 'C' employee and Group 'D' employee in ...
A 60% stake was taken by the Reserve Bank of India and the new bank was named State Bank of India. The seven other state banks became subsidiaries of the new bank in 1959 when the State Bank of India (Subsidiary Banks) Act, 1959 was passed by the Union government. [1]
On 20 November 2020, Union Bank of India's MD and CEO Rajkiran Rai was elected as the new Chairman of IBA. Dinesh Khara, Chairman of State Bank of India; Madhav Nair, Country Head and CEO of Mashreq Bank; and S. S. Mallikarjuna Rao, MD and CEO of Punjab National Bank, were elected as deputy chairmen.
The Union Bank of India sued Modi in a Hong Kong court. Union Bank claimed in a writ filed at the High Court on 26 September 2018 that Modi guaranteed two loans made to Firestone Trading Private and Firestar Diamond in 2011. The bank demanded that he pay more than $5.49 million plus interest after both firms allegedly defaulted on repayments. [32]
Career banker Chairman of Union Bank of India [1] [2] [3] 48 Shyamala Gopinath: 21 September 2004 8 December 2008 4 years, 78 days Career banker Chairman of HDFC Bank [1] [2] [3] 49 Usha Thorat: 10 November 2005 9 November 2010 4 years, 364 days Career banker [1] [2] [3] 50 Kamalesh Chandra Chakrabarty: 15 June 2009 25 April 2014 4 years, 314 days