 "Bank employees, Banking Industry, Finance Ministry")
On June 24, the finance ministry’s Department of Financial Services notified the following:
The central government hereby cancels the appointment of A* [name withheld] as executive director, Union Bank of India, made vide Department of Financial Services’ notification no 4/3/2023-BO.1 dated 27.03.2024, with immediate effect, by reverting him to his previous post, ie, general manager in Punjab & Sind Bank.
Besides A, this notification was copied to the Reserve Bank of India governor, chairman of the State Bank of India, managing directors and chief executive officers of all public sector banks (PSBs), the chief executive of Indian Banks’ Association, among
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