India, Oct. 1 -- The Government has appointed Asheesh Pandey as Managing Director (MD) and CEO of Union Bank of India and Kalyan Kumar as MD and CEO of Central Bank of India for a period of three years. The Appointments Committee of the Cabinet, headed by the Prime Minister, approved these appointments for an initial period of three years, sources said.

Pandey, currently Executive Director of Bank of Maharashtra, has been appointed as MD and CEO of Union Bank of India for a period of three years, with effect from the date of assumption of charge of the office. Later in the day, Pandey assumed charge as MD and CEO of Union Bank. Kumar, Executive Director of Punjab National Bank (PNB), will succeed MV Rao as MD and CEO of Central Bank of I...