The Union government on September 18th had chosen to extend Nitesh Ranjan’s term as Executive Director of Union Bank of India by two more years. Ranjan’s ongoing term was scheduled to expire on March 9, 2024.
“We wish to inform you that Department of Financial Services, Ministry of Finance, Government of India vide notification no. eF.No.4/2(v)/2023-BO.I dated September 18, 2023, has extended the term of Shri Nitesh Ranjan, Executive Director of the Bank for a period beyond his currently notified term, which expires on 09.03.2024 for a period of two years, or until further orders, whichever is earlier,” pertaining to a communication letter from the bank to exchanges on September 18. Ranjan has been a pillar of digital transformation in the bank by creating strategic shifts in the balance sheet, customer experience and people development. He has been working with the Union Bank of India ever since 2008 where he worked on several important positions namely, Head of Treasury Operations & Strategy, Chief Investor Relations Officer, Chief Economist, and Regional Head. He kick-started his career with Food Corporation of India as a management trainee and then moved to Andhra Bank.
Nitesh Ranjan is a former post-graduate in Economics. He has also patiently dedicated 100 days to imparting ‘Spoken English Programme’ to underprivileged youth, under the Teach-India initiative.