Union Bank of India announced that Shri Sudarshana Bhat, Chief General Manager of the Bank, has superannuated from the services of the Bank on April 30, 2025. Further, Shri G. K. Sudhakar Rao, General Manager of the Bank, will be elevated to the post of Chief General Manager of the Bank effective May 01, 2025. Shri G.K. Sudhakar Rao is a Post Graduate and a seasoned banker with around three decades of banking expertise.
He holds the position of General Manager MSME of the Bank. Prior to that, he has served at various positions right from Branch Banking, Regional Offices, Zonal Offices to Corporate Office. He has also attended a program on leadership development on capacity building from University of Applied Sciences at Switzerland, focused leadership development programme from ISB Hyderabad, executive development programme from Kellogg School of Management, USA and Leadership development program for Senior Management of PSBs at IIM Bangalore.
Union Bank of India Limited is an India-based banking company. The Company’s segments include Treasury Operations, Corporate and Wholesale Banking and Other Banking Operations. The Company offers products in three categories, including personal, corporate loans and international. Its personal products include accounts and deposits, loans, which includes retail, micro, small and medium enterprises (MSME), wealth management, financial schemes and lockers/other services. Its corporate loans include trade finance, working capital, line of credit, project financing, and channel finance. Its international services include non-resident Indian speedy and easy remittances, Internet Banking, international debit/credit cards, home loans, special deposit schemes, and an online donation facility. It provides digital services, such as app banking, Internet banking, automated teller machine banking, self-service banking and immediate payment service (IMPS). It also provides foreign currency loans.
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