Pankaj Dwivedi Union Bank of India Age, Career, and Recent Developments

pankaj dwivedi union bank of india, Pankaj Dwivedi, a seasoned banking professional, has been a prominent figure in the Indian banking sector, notably associated with Pankaj Dwivedi Union Bank of India. His career trajectory, marked by significant roles and recent controversies, has drawn considerable attention. This article delves into his professional journey, personal life, and the latest news surrounding his tenure at Union Bank of India, focusing on key aspects like Pankaj Dwivedi Union Bank of India age, education, and more.

Pankaj Dwivedi Union Bank of India: Career Overview

Pankaj Dwivedi served as the Executive Director (ED) of Union Bank of India, a major public sector bank in India, starting March 27, 2024. Prior to this, he held the position of General Manager at Punjab & Sind Bank, showcasing over 31 years of banking experience. His appointment as ED was for a three-year term, but it was abruptly canceled by the central government on June 24, 2025, leading to his reversion to General Manager at Punjab & Sind Bank. This demotion, a rare occurrence in the banking sector, has sparked discussions about his career and the circumstances surrounding it.

Pankaj Dwivedi Union Bank of India Education

Pankaj Dwivedi’s educational background is robust, equipping him for leadership roles in banking. He holds a Master’s in Business Administration from Symbiosis Institute of Management Studies, Pune, and is a Certified Associate of the Indian Institute of Bankers (CAIIB). Additionally, he completed an Executive Certificate Programme in Applied Financial Risk Management from IIM Raipur and a Leadership Development Programme at IIM Bangalore, curated by the Banks Board Bureau in collaboration with the Indian Banks’ Association and Egon Zehnder International Pvt. Ltd.. His academic credentials highlight his expertise in financial risk management and leadership, key for his roles at Union Bank of India and Punjab & Sind Bank.

Overview of Aayush Wellness Ltd.

Pankaj Dwivedi Union Bank of India Age

While specific details about Pankaj Dwivedi Union Bank of India age are not publicly disclosed in available records, his extensive 31-year career in banking suggests he is likely in his late 50s to early 60s as of 2025. This estimation is based on typical career progression in the Indian banking sector, where senior roles like Executive Director are often held by professionals with decades of experience.

Pankaj Dwivedi Union Bank of India Wife and Children

Information regarding Pankaj Dwivedi Union Bank of India wife and Pankaj Dwivedi Union Bank of India children is not publicly available. As a banking professional, Dwivedi has maintained a low profile concerning his personal life, and no credible sources provide details about his family. Respecting privacy norms, this article refrains from speculation and focuses on his professional achievements and recent developments.

Pankaj Dwivedi Union Bank of India From

Pankaj Dwivedi’s professional roots trace back to Punjab & Sind Bank, where he served as General Manager before his elevation to Executive Director at Union Bank of India. His extensive experience includes working in various branches, zonal offices, and head office departments at Punjab & Sind Bank. While his hometown or place of origin (Pankaj Dwivedi Union Bank of India from) is not explicitly mentioned in available records, his career has been primarily based in India’s public sector banking ecosystem.

Pankaj Dwivedi Union Bank of India Salary

The salary of an Executive Director at a public sector bank like Union Bank of India typically follows the pay scales set by the Government of India and the Indian Banks’ Association. As of 2025, an Executive Director’s salary is estimated to range between INR 1.5 lakh to INR 2.5 lakh per month, including allowances and benefits, though exact figures for Pankaj Dwivedi Union Bank of India salary are not publicly disclosed. Upon his demotion to General Manager at Punjab & Sind Bank, his compensation would likely align with the lower pay scale for that role, approximately INR 1 lakh to INR 1.8 lakh per month, depending on seniority and allowances.

Pankaj Dwivedi Union Bank of India Net Worth 2025

Estimating Pankaj Dwivedi Union Bank of India net worth 2025 is challenging due to the lack of public data on his personal finances. As a senior banking professional, his net worth would primarily stem from his salary, savings, investments, and any additional assets like property. Based on typical earnings for an Executive Director with over three decades of experience, his net worth could range from INR 2 crore to INR 5 crore, factoring in long-term savings, provident fund, and potential real estate holdings. However, this is a speculative estimate, as no verified financial details are available.

Pankaj Dwivedi Union Bank of India News: Recent Developments

The most significant recent development involving Pankaj Dwivedi Union Bank of India news is his demotion from Executive Director to General Manager at Punjab & Sind Bank, effective June 24, 2025. The central government’s decision to cancel his appointment was influenced by a pending case in the Delhi High Court, which questioned the validity of his appointment due to the absence of vigilance clearance. A public interest litigation (PIL) filed in August 2024 alleged that Dwivedi’s appointment violated regulations, citing a chargesheet related to sexual harassment allegations from 2018. The PIL, filed by a woman who accused Dwivedi of harassment, also highlighted concerns about corruption and irregularities during his tenure at Punjab & Sind Bank.

The Delhi High Court, led by Acting Chief Justice Manmohan, issued notices to the Central Government, the Central Vigilance Commission, and Dwivedi in August 2024, prompting scrutiny of his appointment. The court’s focus on the lack of vigilance clearance and the serious nature of the allegations likely contributed to the government’s decision to revert Dwivedi to his previous role. This unprecedented move has been described as a rare instance of an Executive Director being demoted to General Manager, underscoring the significance of due diligence in high-level banking appointments.

Impact on the Banking Sector

Dwivedi’s demotion has sparked discussions about governance and transparency in public sector banks. The case highlights the importance of rigorous vetting processes, particularly for senior appointments. Union Bank of India, with its vast network of over 8,600 branches and deposits of INR 12,16,562 crore as of December 31, 2024, remains a key player in India’s financial landscape. The controversy surrounding Pankaj Dwivedi Union Bank of India underscores the need for robust compliance with regulatory norms to maintain public trust.

Conclusion

Pankaj Dwivedi’s journey with Pankaj Dwivedi Union Bank of India reflects a seasoned banker’s rise and an unexpected setback. While his educational qualifications and extensive experience positioned him as a capable leader, the recent cancellation of his Executive Director role due to legal challenges has brought his career into the spotlight. Details about Pankaj Dwivedi Union Bank of India age, wife, children, and net worth remain limited, but his professional trajectory offers valuable insights into the complexities of leadership in India’s banking sector. As the Delhi High Court proceedings continue, further updates may shed light on this high-profile case.

For the latest updates on Pankaj Dwivedi Union Bank of India news, stay tuned to reliable sources like NDTV Profit and The Economic Times.

Disclaimer: Some personal details, such as age and net worth, are estimated based on industry norms due to the absence of public records. For official information, refer to verified sources.