Asheesh Pandey has been appointed as the Managing Director of Union Bank of India, bringing with him nearly three decades of experience in the Indian banking sector. His appointment marks a homecoming, as he previously spent a significant part of his professional journey at Union Bank of India in various senior roles.
Prior to rejoining the institution, Pandey served as Executive Director at Bank of Maharashtra, where he played a pivotal role in enhancing operational efficiency and supporting business growth. His leadership at Bank of Maharashtra was defined by a focus on streamlining processes, strengthening governance frameworks, and driving transformation across critical functions.
Pandey’s long-standing association with Union Bank of India spans almost 24 years, during which he held multiple leadership positions. These include Chief General Manager & Chief Operating Officer, General Manager – Credit Monitoring, Deputy General Manager & Regional Head Jaipur, and DGM & Executive Secretary to the Chairman & MD. In these capacities, he was instrumental in shaping the bank’s business strategy, improving monitoring mechanisms, and aligning governance models with growth objectives.
His professional expertise extends across retail, corporate, and international banking, underlining his comprehensive understanding of diverse financial domains. During his earlier tenure at Union Bank of India, he also contributed to the creation of major joint ventures such as Star Union Dai-ichi Life Insurance and Union KBC Asset Management Company Limited, initiatives that reinforced the bank’s presence in the insurance and asset management space.
“Asheesh Pandey has been appointed as the Managing Director of Union Bank of India, bringing with him nearly three decades of experience in the Indian banking sector. He previously served as Executive Director at Bank of Maharashtra, where he played a key role in driving operational efficiency and growth.”
With his return to Union Bank of India, Pandey is expected to build on his deep institutional knowledge and industry-wide leadership experience. His mandate will focus on strengthening the bank’s competitive position, accelerating its growth trajectory, and driving sustainable value creation for stakeholders in a rapidly evolving financial ecosystem.
