Union Bank of India Promotes Sarvesh Ranjan as Chief General Manager

Union Bank of India has announced a key senior management move by promoting Shri Sarvesh Ranjan to the position of Chief General Manager (CGM). The elevation is effective from 1 February 2026 and comes as part of a planned leadership transition at the public sector lender.

Union Bank of India Promotes Sarvesh Ranjan as Chief General Manager

Union Bank of India has elevated Sarvesh Ranjan from General Manager to Chief General Manager with effect from 1 February 2026.

This promotion follows the superannuation of Shri Bhaskara Rao Kare, who served as Chief General Manager until 31 January 2026, creating the vacancy at the top management level. The bank has notified this change under regulatory provisions, highlighting it as an important event in its senior management structure.

Professional Background of Sarvesh Ranjan

Sarvesh Ranjan is an engineering graduate with nearly three decades of banking experience. He has worked across multiple verticals and geographies within the bank, including:

• Branch banking
• Regional and zonal offices
• Staff training institutions
• Corporate office roles

Current Role and Areas of Responsibility

Before his promotion, Ranjan was serving as General Manager overseeing Central Reconciliation, Transaction Monitoring, and Anti-Money Laundering (AML) functions at Union Bank of India. These portfolios are critical for:

• Timely and accurate reconciliation of transactions across branches and channels
• Monitoring high-volume and high-risk transactions
• Ensuring compliance with AML and KYC regulations and strengthening the bank’s defences against financial crime
• His leadership role in these areas indicates the bank’s increasing focus on risk management, regulatory compliance, IT systems and transaction security at the senior management level.

Additionally, he has completed leadership and management development programmes from international and national institutions, including a programme in Switzerland, a leadership course at ISB Hyderabad, and an IT security-related certification from IDRBT.

Significance of the Appointment

His appointment as Chief General Manager marks another step in Union Bank of India’s ongoing efforts to align leadership capabilities with the growing complexity of the banking environment and regulatory expectations. The CGM role in a large public sector bank like Union Bank of India is central to:

• Driving strategic initiatives
• Overseeing critical operational and regulatory functions
• Supporting the top management and Board in implementing business plans and risk frameworks