Union Bank of India announced that CA Avinash Vasant Prabhu, has been appointed as the Chief Financial Officer (CFO) of the Bank vice CA Prafulla Kumar Samal. Reason for Change: Appointment of new CFO. Tenure: For a period of three years on contractual basis extendable by one year at a time subject to maximum term of five years upon satisfactory performance.

Commencement of Date of Appointment/Date of Joining: November 20, 2023. Brief Profile: CA Avinash Vasant Prabhu, aged 54 years, is a Chartered Accountant and a seasoned Finance Professional with more than 25 years of experience. Earlier, he has worked as a CFO India for Deutsche Bank handling Financial Reporting (Group, Regulatory) Business and Infrastructure Finance, ALM, Tax, Transformation and Financial Planning and Strategy.

Prior to that, he has also served as CFO India for Credit Agricole CIB and as a Manager with Arthur Andersen.