On September 18, the Union government extended Nitesh Ranjan’s tenure as Executive Director of Union Bank of India by two years. Ranjan’s current term ends on March 9, 2024.

“We would like to inform you that the Department of Financial Services, Ministry of Finance and Government of India vide Notification No. eF.No.4/2(v)/2023-BO.I dated September 18, 2023 have extended the tenure Shri Nitesh Ranjan, Executive Director of the Bank for a period beyond his present notified term ending on 09.03.2024 for a period of two years or till further orders, whichever is earlier,” it said in a statement from the bank to the stock exchanges on September 18.

Ranjan leads digital transformation at the bank and leads strategic changes in the areas of balance sheet, customer experience and people development.

Ranjan has been with Union Bank of India since 2008, where he has held several key positions, namely Head of Treasury Operations & Strategy, Chief Investor Relations Officer, Chief Economist and Regional Head. He started his career as a management trainee at Food Corporation of India and then moved to Andhra Bank.

Nitesh Ranjan is a postgraduate in economics. He has completed the Leadership Development Program at IIM Bangalore, run by Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt. was curated. Ltd. He also dedicated 100 days to imparting the Spoken English Program to underprivileged youth as part of the Teach India initiative.