Asheesh Pandey takes charge as Managing Director & CEO of Union Bank of India

THEBUSINESSBYTES BUREAU

MUMBAI, SEPTEMBER 30, 2025

Asheesh Pandey today assumed charge as the Managing Director & CEO of Union Bank of India. A seasoned banker with over 27 years of experience, Shri Pandey began his career at the erstwhile Corporation Bank’s Industrial Finance Branch in Mumbai and later served in its Investment & International Banking Division.

Prior to his current appointment, he was Executive Director at Bank of Maharashtra for over three years and nine months. During his tenure, he played a key role in driving Corporate Credit and Treasury functions while spearheading the adoption of emerging technologies such as Digital Lending Solutions, Machine Learning, Artificial Intelligence, and Robotic Process Automation (RPA) across diverse domains including retail, compliance, human resources, and customer services. His leadership saw the rollout of several technology-led initiatives including digital lending platforms, internal dashboards, and large-scale process reengineering.

Earlier, as Chief General Manager (CGM) & Chief Operations Officer (COO) of Union Bank of India, Shri Pandey was instrumental in the smooth integration and process harmonisation following the bank’s amalgamation. He successfully steered operational re-engineering, promoted automation, and introduced a range of cutting-edge digital solutions such as WhatsApp Banking, e-Nomination, Online Death Claim Settlement, Video KYC, RPA-based processes, Doorstep Banking, Digi Connect Branches, and advanced analytics-driven monitoring tools.

Over the years, he has handled a diverse range of portfolios covering Credit, Treasury & Merchant Banking, Credit Monitoring, Foreign Transactions & Joint Ventures, Marketing & Customer Relationships, and Banking Operations. As General Manager in charge of Credit Monitoring and Restructuring at Union Bank, he pioneered the use of advanced monitoring systems powered by data analytics, predictive modelling, and machine learning, significantly strengthening credit portfolio management. He also gained extensive field exposure, notably leading Union Bank’s Jaipur Region.

Beyond his core responsibilities, Shri Pandey served as Chairman of The Maharashtra Executor & Trustee Co. Ltd., a wholly owned subsidiary of Bank of Maharashtra, and as President & Trustee representing the Bank in Gramin Mahila Va Balak Vikas Mandal (GMBVM), a Bank of Maharashtra trust dedicated to community development.

An accomplished academic and professional, Shri Pandey is a Mechanical Engineer (Hons) and holds a Postgraduate degree in Management (Hons) with specialisation in Finance and Marketing. He is a Certified Associate of the Indian Institute of Bankers and also holds NSE Certifications in Insurance (Life and Non-Life), Mutual Funds, and Demat Operations. He has completed the Executive Leadership Programme at IIM Bangalore and is an alumnus of the institution. In 2023, he also underwent the Directors Development Program conducted by Egon Zehnder in collaboration with Harvard Business Publishing.