On February 1, 2026, Union Bank of India announced a change in senior management; Sarvesh Ranjan has been promoted to Chief General Manager, starting February 1, 2026, while Bhaskara Rao Kare has retired, according to Union Bank of India.
Mumbai: In accordance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Union Bank of India has notified the stock exchanges of significant changes in its senior management.
The Bank said that on January 31, 2026, Chief General Manager Shri Bhaskara Rao Kare completed his tenure by superannuating from the Bank.
As a result, on February 1, 2026, Shri Sarvesh Ranjan, who was formerly General Manager, was promoted to Chief General Manager.
With almost thirty years of extensive banking expertise, Shri Sarvesh Ranjan is an engineering graduate. He currently oversees the Bank’s Central Reconciliation, Transaction Monitoring, and AML departments. He has worked in the corporate office, staff training facilities, regional and zonal offices, and branch banks over the years.
Additionally, he has completed advanced leadership and capacity-building courses at the University of Applied Sciences in Switzerland, ISB Hyderabad, and IDRBT in Hyderabad. He is certified in both IT and cyber security.
According to Union Bank of India, the disclosure was done to guarantee openness and compliance with legal obligations. In order to promote sustainable growth and excellent governance, the Bank keeps bolstering its leadership framework.
FAQs on Sarvesh Ranjan’s Promotion at Union Bank of India
1. What major senior management change did Union Bank of India announce?
Union Bank of India announced a change in its senior management with the promotion of Sarvesh Ranjan to Chief General Manager, effective February 1, 2026, following the retirement of Bhaskara Rao Kare.
2. When did Bhaskara Rao Kare retire from Union Bank of India?
Bhaskara Rao Kare retired from the Bank on January 31, 2026, after completing his tenure as Chief General Manager.
3. Who is Sarvesh Ranjan?
Sarvesh Ranjan is a senior banking professional with nearly 30 years of experience in the banking sector. Before his promotion, he served as General Manager at Union Bank of India.
4. What position has Sarvesh Ranjan been promoted to?
Sarvesh Ranjan has been promoted to the position of Chief General Manager, effective February 1, 2026.
5. What departments does Sarvesh Ranjan currently oversee?
He currently oversees Central Reconciliation, Transaction Monitoring, and Anti-Money Laundering (AML) departments at Union Bank of India.
6. What is Sarvesh Ranjan’s educational background?
Sarvesh Ranjan is an engineering graduate and has completed advanced leadership and capacity-building programs at the University of Applied Sciences (Switzerland), ISB Hyderabad, and IDRBT Hyderabad.
7. Does Sarvesh Ranjan have expertise in technology and cybersecurity?
Yes, he is certified in IT and cyber security, adding strong technical and risk-management expertise to his leadership profile.
8. Why did Union Bank of India disclose this information to stock exchanges?
The disclosure was made in compliance with Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to ensure transparency and regulatory compliance.
9. How does this promotion align with Union Bank’s strategy?
According to the Bank, strengthening senior leadership supports sustainable growth, strong governance, and effective operational oversight.
10. From when is Sarvesh Ranjan’s promotion effective?
His promotion to Chief General Manager is effective from February 1, 2026.
