Mumbai: State-owned Union Bank of India on Wednesday informed stock exchanges that CA Dhirendra Jain has been appointed as the new Chief Financial Officer (CFO) of the bank, with effect from February 1, 2026.
The appointment comes following the resignation of CA Avinash Vasant Prabhu, who will be relieved from his duties as CFO on January 31, 2026, the bank said in its regulatory filing under SEBI Listing Regulations.
Dhirendra Jain, aged 51, is a Chartered Accountant and a seasoned finance professional with over 28 years of experience. He is currently serving as General Manager – Finance and Accounts at Union Bank of India. During his banking career, he has held key roles in large corporate credit, and has served as both Regional Head and Zonal Head of the bank.
Jain is also a Post Graduate in Commerce and a Certified Associate of the Indian Institute of Bankers (CAIIB), bringing extensive expertise in banking operations and financial management.
The bank stated that the change in CFO is part of its normal leadership transition process. The Board meeting in which the decision was taken commenced at 6:15 pm and concluded at 8:10 pm.
Union Bank of India has also placed the disclosure on its official website, in compliance with regulatory requirements. The information has been shared with BSE Limited and the National Stock Exchange of India.
Union Bank of India is one of the leading public sector banks in the country, with a nationwide presence across retail, corporate and digital banking segments.