Union Bank has promoted seven DGMs to GMs

By | July 4, 2011

A recent press said that Union Bank of India (UBI) has elevated seven deputy general managers (DGMs) to the post of General Managers (GMs). The bank sources have said that the promotions will help fill the vacancies that were created at the middle management level due to slew of retirements at the GM level.

According to reports the people who were promoted from the post of deputy general managers (DGMs) to the post of General Managers includes Mr. H. K. Behera, Mr. A. K.Thakur, Mr. R. S. Pandey, Mr. Lodha and Mr. R. G. Kelkar.

Reports also said that many large public sector banks are facing with crisis-like situation at the middle-management level because of large-scale exits, mainly due to retirements. Such situations that exist in the banks are expected to worsen in the coming months.

The bank’s Bench Prime Lending Rate currently is 15.00%. it offers home loan, personal loan, vehicle loan, education loan, business loan etc.

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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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