New ED of Union Bank
The Hindu
Rajneesh Karnatak has assumed charge as the Executive Director of Union Bank of India. A banker with over 27 years of experience, he was previously with Punjab National Bank as its Chief General Manag
Rajneesh Karnatak has assumed charge as the Executive Director of Union Bank of India. A banker with over 27 years of experience, he was previously with Punjab National Bank as its Chief General Manager, and Oriental Bank of Commerce, which has since been amalgamated with PNB.
He has diverse branch, administrative office experience and credit appraisal skills, including project funding and working capital funding along with risk management with specific reference/ special emphasis on credit risk, the Union Bank of India said in a release.
Mr. Karnatak was part of the first batch of senior officers selected by Bank Board Bureau for a leadership development programme of IIM Bangalore and Egon Zehnder.
Around 440 MBBS graduates of 2021 are not required to undergo one year of compulsory rural service as per the bond signed by them while joining the medical course through government-quota seats in 2015 as the High Court of Karnataka has said the law, enacted in 2012 for mandatory rural service, remained unenforced for 10 years as it was published in the official gazette only in July 2022.