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.