Government of India vide Notification F.NoA/2/2018-BO.1 dated September 19, 2018 has appointed Shri Ashok Kumar Pradhan (DIN 07748272) the incumbent Executive Director of the Bank, as the Managing Director & Chief Executive Officer of the Bank with effect from the date of assumption of office i.e. 01.10.2018 and upto the date of his attaining the age of superannuation (i.e. 31.05.2020) or till further orders, whichever is earlier.
Shri Pradhan, M.Com. and CAIIB, has over 32 years of experience in banking across 4 SBI associate banks. He joined the Bank as Executive Director on February 18, 2017. Shri Pradhan holds 20,000 equity shares in the Bank allotted under the United Bank of India - Employee Share Purchase Scheme, 2018. He is not related to any of the directors on the Board of Directors of the Bank and is not debarred from holding the office of director under any statutory or regulatory order.
Shares of UNITED BANK OF INDIA was last trading in BSE at Rs.11.7 as compared to the previous close of Rs. 12. The total number of shares traded during the day was 30082 in over 90 trades.
The stock hit an intraday high of Rs. 11.89 and intraday low of 11.61. The net turnover during the day was Rs. 353297.