United Bank of India has announced that the Ministry of Finance vide Notification dated August 09, 2016 has appointed Sri. Pawan Kumar Bajaj as the Managing Director & CEO of the Bank under section 9(3)(a) of the Banking Companies (Acquisition & Transfer of Undertakings) Act 1970 read with clauses 3(1), 6 and 8(1) of the Nationalised Banks (Management & Miscellaneous Provisions) Scheme 1970 with effect from the date of his taking charge of the post i.e. August 09, 2016 and up to September 30, 2018 i.e. the date of his attaining the age of superannuation or until further orders, whichever is earliest.