Union Bank has promoted seven Deputy General Managers to General Managers

By Pradeep Yuvaraj | June 20, 2011

According to a recent press report, the Union Bank has promoted seven Deputy General Managers to General Managers. These promotions were made to fill in the gaps that were created at the middle management level due to slew of retirements at the General Manager level.

Those who have been promoted include: Mr A. K.T hakur, Mr.H. K. Behera, Mr R. S. Pandey, Mr Lodha and Mr R. G. Kelkar.

The Bank operates with a three tier Organisational structure. It has nine General Manager’s offices at tier one, two Zonal offices at tier two and tier three comprises of 54 regional offices at different geographical locations.

The report also added that many Public sector Banks would face a crisis like situation at the middle management level because of large scale exits due to retirements. Further, the situation is expected to worsen in coming months.

The Bank offers Home loan to its Customers and Union top-up to existing home loan borrowers.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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