Union Bank appoints Nidhu Saxena as Executive Director

2 Feb 2022 , 10:50 AM

Union Bank of India Ltd. has announced that the bank has appointed  Nidhu Saxena, General Manager, UCO Bank as the Executive Director of the Bank for a period of three years with effect from the date of assumption of office i.e. from February 1, 2022, or until further orders, whichever is earlier.

Nidhu Saxena is a Commerce graduate and also holds a Master’s in Business Administration along with a CAIIB qualification. Prior to his 25 years of banking experience, he had 8 years of corporate exposure in different sectors. He kickstart his banking career with Bank of Baroda where he worked for 10 years and subsequently joined UCO Bank.

Nidhu has worked at different locations and branch categories throughout his banking career. He pulled on various roles throughout his career including Branch Head, Zonal Head at Pune, and Surat Zones of the Bank. Prior to his association with UCO Bank of India, Nidhu worked as General Manager and vertical head for Retail credit, MSME, and Bancassurance businesses at UCO Bank.

Union Bank of India is currently trading at Rs47.70 up by Rs1.25 or 2.69% from its previous closing of Rs46.45 on the BSE. The scrip opened at Rs46.65 and has touched an intraday high and low of Rs48.15 and Rs46.65 respectively.