Central govt demotes Pankaj Dwivedi as Union Bank's ED.

The Central Government has appointed Shri Pankaj Dwivedi as the Executive Director of Union Bank of India for a period of three years, effective from March 27, 2024.

Before assuming his new role, Shri Pankaj Dwivedi served as General Manager at Punjab & Sind Bank, bringing with him over 31 years of extensive experience in the banking sector.

He holds an MBA from Symbiosis Institute of Management Studies, Pune, and is a Certified Associate of the Indian Institute of Bankers (CAIIB). He has also completed an Executive Certificate Programme in Applied Financial Risk Management from IIM Raipur and the Leadership Development Programme at IIM Bangalore, curated by the Banks Board Bureau in collaboration with IBA and Egon Zehnder International.

A public interest litigation was filed against his appointment as Executive Director of Union Bank of India last year in the Delhi High Court.

In August 2024, a bench led by the then Acting Chief Justice Manmohan issued a notice to the Centre, Central Vigilance Commission (CVC), and Dwivedi regarding the PIL, questioning how the appointment was made without the approval of the vigilance authority.