Asheesh Pandey Assumes Charge as Managing Director & CEO of Union Bank of India
Pandey began his career with the erstwhile Corporation Bank at its Industrial Finance Branch, Mumbai
Asheesh Pandey, today, assumed charge as Managing Director & Chief Executive Officer of Union Bank of India. A seasoned banker with over 27 years of diverse experience, Shri Pandey brings with him deep expertise in corporate credit, treasury operations, digital transformation, and technology-led banking innovation.
Pandey began his career with the erstwhile Corporation Bank at its Industrial Finance Branch, Mumbai, and subsequently served in the Investment & International Banking Division at the Bank’s Mumbai office.
Before his current appointment, he served as Executive Director at Bank of Maharashtra for over three years and nine months, where he played a key role in driving strategic initiatives across Corporate Credit, Treasury, and Digital Transformation. Under his leadership, the Bank implemented several technology-driven initiatives including digital lending solutions, internal dashboards, and process reengineering through Machine Learning, Artificial Intelligence, and Robotic Process Automation (RPA) to enhance operational efficiency and customer experience.
Earlier, Pandey served as Chief General Manager (CGM) and Chief Operations Officer (COO) at Union Bank of India, where he successfully led the integration and process harmonisation of the amalgamated entity. His leadership was instrumental in introducing advanced digital and automation solutions such as WhatsApp Banking, e-Nomination, Online Death Claim Settlement, Video KYC, Doorstep Banking, Digi Connect Branches, and a suite of analytics-based monitoring tools.
Throughout his career, Pandey has handled key portfolios in Credit, Treasury & Merchant Banking, Credit Monitoring, Foreign Transactions, Joint Ventures, Marketing & Customer Relations, and Banking Operations. As General Manager (Credit Monitoring and Restructuring) at Union Bank, he spearheaded the deployment of data analytics, predictive modelling, and machine learning to strengthen credit portfolio monitoring and risk management systems. He also has rich field experience, having led Union Bank’s Jaipur Region.
He has served as Chairman of The Maharashtra Executor & Trustee Co. Ltd., a wholly owned subsidiary of Bank of Maharashtra, and as President & Trustee of Gramin Mahila Va Balak Vikas Mandal (GMBVM), a trust of Bank of Maharashtra.
An alumnus of IIM Bangalore, Pandey holds a bachelor’s degree in mechanical engineering (Hons.) and a Postgraduate degree in Management (Hons.) with specialization in Finance and Marketing. He is a Certified Associate of the Indian Institute of Bankers (CAIIB) and holds NSE certifications in Insurance (Life & Non-Life), Mutual Funds, and Demat Operations. He also completed the Directors Development Program 2023, conducted by Egon Zehnder in collaboration with Harvard Business Publishing.
