Union Bank names Dhirendra Jain as new CFO, Avinash Prabhu resigns effective Jan 31

Union Bank of India has announced a change in its senior management, with Avinash Prabhu resigning as the Chief Financial Officer, effective 31 January 2026. The bank has appointed Dhirendra Jain as the new Chief Financial Officer with effect from 1 February 2026.

The disclosure was made in accordance with Regulation 30 and Regulation 51 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Avinash Prabhu has stepped down from his role for personal reasons and will be relieved from his responsibilities at the close of business on 31 January 2026.

Dhirendra Jain, aged 51, is a Chartered Accountant and a seasoned finance professional with more than 28 years of experience. He is currently serving as General Manager – Finance and Accounts at Union Bank of India. His experience spans several key areas of banking, including large corporate credit, where he has held responsibilities as Regional Head and Zonal Head of the bank.

Dhirendra Jain is also a postgraduate in commerce and a Certified Associate of the Indian Institute of Bankers (CAIIB). The bank stated that his appointment as Chief Financial Officer will take effect from 1 February 2026. The tenure of the appointment has not been specified.

The change in the Chief Financial Officer position was approved by the board of directors at its meeting held on 28 January 2026, which commenced at 18:15 IST and concluded at 20:10 IST. The bank has also enclosed the resignation letter submitted by Avinash Prabhu as part of its regulatory filing.

Union Bank of India said the appointment follows the resignation of Avinash Prabhu and is in line with regulatory requirements for disclosure to stock exchanges.

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Shares of Union Bank of India  closed up at ₹182.20 on the NSE, rising ₹6.99 or 3.99%, as of 16:00 IST on 28 January 2026.