Rajneesh Karnatak takes charge as ED of Union Bank of India

State-run Union Bank of India on Friday said Rajneesh Karnatak has assumed charge as its executive director.

Prior to this, he was the chief general manager of Punjab National Bank (PNB), it said in a statement.

He has also served as a nominee director on behalf of PNB on the board of PNB Housing Finance and ISARC (India SME Asset Reconstruction Company Limited), it added.

Mr. Karnatak was part of the first batch of senior officers selected by Bank Board Bureau for a leadership development programme of IIM Bangalore and Egon Zehnder.