Union Bank of India Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Arumugam Manimekhalai

Chief executive officer

₹4.0m

Total compensation

CEO salary percentage	n/a
CEO tenure	2yrs
CEO ownership	n/a
Management average tenure	1.6yrs
Board average tenure	2.1yrs

Recent management updates

Recent updates

CEO

Arumugam Manimekhalai (58 yo)

2yrs

Tenure

₹4,000,000

Compensation

Ms. Arumugam Manimekhalai is Chairman of the Board at Union Bank of India (UK) Limited since June 28, 2022. She serves as Director of General Insurance Corporation of India since September 05, 2022. Ms. Ma...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Arumugam Manimekhalai	MD, CEO & Director	2yrs	₹4.00m	no data
S. Ramasubramanian	Executive Director	1.6yrs	₹3.70m	no data
Sanjay Rudra	Executive Director	less than a year	₹1.60m	no data
Pankaj Dwivedi	Executive Director	less than a year	₹40.00k	no data
Nitesh Ranjan	Executive Director of Tech	no data	₹4.10m	0.000090% ₹ 950.8k
Avinash Prabhu	Chief Financial Officer	less than a year	no data	no data
Anil Kuril	CTO & Executive Director	no data	no data	no data
Ranjita Suresh	Assistant General Manager of Investor Relations	no data	no data	no data
Girija Mishra	GM and Head of SSD & Corporate Communication	2.4yrs	no data	no data
Sangram Mohapatra	Chief GM and Head of Credit Monitoring & Credit Compliance	no data	no data	no data
Dhirendra Jain	GM & Head of FIG-Large Corporate	1.7yrs	no data	no data
S.V.S. Sundara Prasad	Chief GM and Agriculture & Financial Inclusion	no data	no data	no data

1.6yrs

Average Tenure

55yo

Average Age

Experienced Management: 532477's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Arumugam Manimekhalai	MD, CEO & Director	2yrs	₹4.00m	no data
S. Ramasubramanian	Executive Director	1.6yrs	₹3.70m	no data
Sanjay Rudra	Executive Director	less than a year	₹1.60m	no data
Nitesh Ranjan	Executive Director of Tech	3.3yrs	₹4.10m	0.000090% ₹ 950.8k
Anil Kuril	CTO & Executive Director	less than a year	no data	no data
Rajiv Mishra	Executive Director	less than a year	no data	no data
Priti Rao	Shareholder Director	2.9yrs	no data	0.000010% ₹ 105.6k
Varadarajan Srinivasan	Independent Part-time Non-Official Non-Executive Chairman	1.6yrs	no data	no data
Jayadev Madugula	Independent Shareholder Director	6yrs	no data	0% ₹ 0
Sameer Shukla	Government Nominee Director	2.6yrs	no data	no data
Suraj Srivastava	Independent Part-Time Non-Official Director	2.5yrs	no data	no data
Laxman Uppar	Independent Part-Time Non-Official Director	2.3yrs	no data	no data

2.1yrs

Average Tenure

52yo

Average Age

Experienced Board: 532477's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Union Bank of India Management

Management criteria checks 1/4

Key information

Recent management updates

Union Bank of India, Annual General Meeting, Jul 26, 2024

Union Bank of India Appoints Shri Prafulla Kumar Samal as the Chief Compliance Officer

Union Bank of India Announces Cessation of Nidhu Saxena as Executive Director

Union Bank of India Announces Executive Changes

Union Bank of India Announces Executive Changes

Union Bank of India Appoints CA Avinash Vasant Prabhu as Chief Financial Officer

Recent updates

Full year 2024 earnings released: EPS: ₹19.15 (vs ₹12.45 in FY 2023)

Dividend increased to ₹3.60

Union Bank of India, Annual General Meeting, Jul 26, 2024

Union Bank of India Appoints Shri Prafulla Kumar Samal as the Chief Compliance Officer

New minor risk - Share price stability

Full year 2024 earnings released: EPS: ₹19.15 (vs ₹12.45 in FY 2023)

Union Bank of India Recommends Dividend for Fiscal Year 2022-23

Union Bank of India to Report Q4, 2024 Results on May 10, 2024

Union Bank of India Announces Cessation of Nidhu Saxena as Executive Director

Union Bank of India Announces Executive Changes

Union Bank of India has filed a Follow-on Equity Offering in the amount of INR 30 billion.

Union Bank of India Announces Executive Changes

Price target increased by 18% to ₹155

Third quarter 2024 earnings released: EPS: ₹4.89 (vs ₹3.31 in 3Q 2023)

Union Bank of India to Report Q3, 2024 Results on Jan 20, 2024

Now 20% undervalued

Union Bank of India Appoints CA Avinash Vasant Prabhu as Chief Financial Officer

Union Bank of India Appoints CA Avinash Vasant Prabhu as Chief Financial Officer

Union Bank of India Announces Appointment of Srinivasan Balachander as Chief Compliance Officer

Second quarter 2024 earnings released: EPS: ₹5.14 (vs ₹2.71 in 2Q 2023)

Now 20% undervalued

Union Bank of India to Report First Half, 2024 Results on Oct 27, 2023

Union Bank of India Announces Board Appointments

Union Bank of India Appoints Sanjay Rudra as Executive Director

Price target increased by 7.5% to ₹111

Price target increased by 7.5% to ₹108

ACRE to Buy Union Bank's INR 4,110 Million Visa Steel Loan

New minor risk - Shareholder dilution

Now 21% undervalued

Union Bank of India Declares Dividend for Fiscal Year 2022-23

Price target increased by 10% to ₹98.83

Upcoming dividend of ₹3.00 per share at 3.3% yield

Union Bank of India Announces Directorate Changes

Union Bank of India to Report Q1, 2024 Results on Jul 20, 2023

Full year 2023 earnings released: EPS: ₹12.45 (vs ₹7.77 in FY 2022)

Union Bank of India, Annual General Meeting, Aug 04, 2023

Union Bank of India Announces Executive Changes

Full year 2023 earnings released: EPS: ₹12.45 (vs ₹7.77 in FY 2022)

Union Bank of India Recommends Dividend for the Year Ended March 31, 2023

Price target increased by 7.3% to ₹75.75

Union Bank Reportedly Seeks to Sell KSK Mahanadi, Raigarh Champa Debt to ASREC

Third quarter 2023 earnings released: EPS: ₹3.31 (vs ₹1.55 in 3Q 2022)

Union Bank of India to Report Q3, 2023 Results on Jan 20, 2023

Investor sentiment deteriorated over the past week

Union Bank of India Appoints Ramasubramanian S. as the Executive Director

Union Bank of India Appoints Ramasubramanian S. as the Executive Director

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Union Bank of India Appoints Rajnish Khare as Chief Digital Officer

Union Bank of India Appoints Srinivasan Varadarajan as Part-Time Non-Official Director as Well as Non-Executive Chairman

Price target increased to ₹47.00

Second quarter 2023 earnings released: EPS: ₹2.71 (vs ₹2.28 in 2Q 2022)

Union Bank of India to Report Q2, 2023 Results on Oct 20, 2022

Union Bank of India Announces Elevation of Prafulla Kumar Samal from General Manager to Chief General Manager of the Bank

Union Bank of India Announces Cessation of B. S. Venkatesha as Chief Risk Officer, Effective September 18, 2022

First quarter 2023 earnings released: EPS: ₹2.32 (vs ₹1.70 in 1Q 2022)

Union Bank of India to Report Q1, 2023 Results on Jul 26, 2022

Upcoming dividend of ₹1.90 per share

Union Bank of India Appoints A. Manimekhalai as Chief Executive Officer

Union Bank of India, Annual General Meeting, Jun 30, 2022

Full year 2022 earnings released: EPS: ₹7.77 (vs ₹4.47 in FY 2021)

Union Bank of India Recommends Dividend for 2021-22

Union Bank of India to Report Q4, 2022 Results on May 13, 2022

Less than half of directors are independent

Dhansamridhi Finance Private Limited agreed to acquire 8% stake in India SME Asset Reconstruction Company Limited from Union Bank of India (BSE:532477).

Investor sentiment improved over the past week

State Bank of India (NSEI:SBIN) agreed to acquire 13.82% stake in SBI Global Factors Ltd. from Union Bank of India (BSE:532477), Bank of Maharashtra (BSE:532525), and Small Industries Development Bank of India.

State Bank of India (NSEI:SBIN) agreed to acquire 13.82% stake in SBI Global Factors Ltd. from Union Bank of India (BSE:532477), Bank of Maharashtra (BSE:532525), and Small Industries Development Bank of India.