Union Bank of India Appoints CA Dhirendra Jain as New Chief Financial Officer
Union Bank of India appointed CA Dhirendra Jain as its new Chief Financial Officer, effective February 1, 2026. He replaces CA Avinash Vasant Prabhu, who resigned and will be relieved on January 31, 2026. Jain brings over 28 years of experience in finance and banking.
A change in the Chief Financial Officer is a significant event for a bank, impacting financial strategy, reporting, and investor confidence. While the appointment is of an internal candidate with considerable experience, the transition itself warrants a medium impact assessment.
The announcement concerns a routine change in a key management position (CFO) due to resignation. While the appointment of a new CFO is a significant event, the overall impact on the company's immediate financial performance or strategic direction is neutral as it's a standard succession process.
Union Bank of India has announced a change in its Chief Financial Officer (CFO) role. CA Avinash Vasant Prabhu has resigned from the position, with his last day being January 31, 2026. Concurrently, CA Dhirendra Jain has been appointed as the new CFO, effective February 01, 2026.
CA Dhirendra Jain, aged 51, is a Chartered Accountant with over 28 years of experience. His background includes extensive banking experience in Credit – Large Corporate, serving as both Regional Head and Zonal Head. He also holds a Post Graduate degree in Commerce and is a Certified Associate from the Indian Institute of Bankers (CAIIB).
The Board of Directors met on January 28, 2026, from 06:15 PM to 08:10 PM, to approve this change. This appointment is made in accordance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
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Union Bank of India filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Union Bank of India. Read the original for the full detail.