Dr. Debasish Prusty Appointed Government Nominee Director of Union Bank of India
The Union Bank of India has announced the appointment of Dr. Debasish Prusty as the Government Nominee Director. The Central Government issued a notification on May 13, 2026, appointing Dr. Prusty, Additional Secretary in the Ministry of Finance, Government of India, to the role. His appointment takes effect immediately and remains in place until further orders, replacing Shri Rohan Chand Thakur.The appointment details are as follows:
| Detail | Information |
|---|---|
| Date of Appointment | May 13, 2026 |
| Tenure | From May 13, 2026, until further orders |
| Role | Government Nominee Director |
Dr. Debasish Prusty is a distinguished member of the Indian Administrative Service (IAS) and currently serves as an Additional Secretary in the Department of Financial Services within the Union Ministry of Finance. He brings over 26 years of experience in the fields of Public Finance, Sustainable Development, and Development Cooperation and Environmental and Urban Governance.
His professional history includes contributions to India’s initiative for collaboration and partnership with various countries. Notably, in 2015, while serving as a Director in the Climate Change division of the Ministry of Environment, Forest and Climate Change in the Government of India, he contributed to the launch of the International Solar Alliance (ISA) platform. During his tenure, he also represented India's negotiating team at the Conference of Parties held under the United Nations Conference on Climate Change (UNFCCC) and served as a member of the standing committee on Finance of the UNFCCC in 2016.
Academically, Dr. Prusty holds a Doctor of Philosophy from the Management Department of the Manipal University Jaipur and a Master of Philosophy in Environmental Sciences from the Jawaharlal Nehru University, Delhi, India. He has also received specialized training from the International Monetary Fund (IMF) in the area of Finance for Macro-economists.
Regarding corporate governance, the bank confirmed that Dr. Debasish Prusty has no relationship with any of the existing Directors of the Bank and is not debarred from holding the office of Director by any regulatory authority.
UNIONBANK Stock Price Movement
Today, Union Bank of India shares edged higher to close at ₹164.9, marking a gain of 1.69% for the session. The stock saw robust investor interest, concluding the day's trading on a significant volume of 12.82 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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