Union Bank of India Appoints Sowmya Sridhar as Chief Risk Officer (CRO)

Mumbai, May 18, 2026: Union Bank of India has announced the appointment of Smt. Sowmya Sridhar as the Chief Risk Officer (CRO) of the bank, effective May 22, 2026. She will succeed Shri Ashwini Kumar Ramakrishna Chowdhary, who is completing his three-year contractual tenure on May 21, 2026.

The appointment has been made in compliance with SEBI Listing Regulations and communicated to stock exchanges.

Experienced Banker to Lead Risk Management

Sowmya Sridhar brings over 30 years of banking experience across key domains including:

• Credit and finance

• Accounts and compliance

• Enterprise risk management

She joined Union Bank of India in March 1995 as a Scale-I officer and has since held several leadership roles within the organisation.

Strong Background in Risk and Compliance

Sridhar is a Certified Financial Risk Manager (FRM) from the Global Association of Risk Professionals (GARP) and possesses 19 years of experience in risk management across multiple capacities.

Prior to her new role, she served as General Manager (Compliance) for one and a half years and has been working in the Risk Management function since December 2025.

Tenure Until August 2029

She will assume charge as CRO from May 22, 2026, for a tenure extending until August 31, 2029. The appointment is expected to strengthen Union Bank’s risk governance framework and support its long-term growth and stability.