Latest news with #A.Manimekhalai
Business Upturn
03-06-2025
- Business
- Business Upturn
Union Bank MD & CEO A. Manimekhalai completes tenure on June 2
Union Bank of India on Tuesday, June 3, announced that Ms. A. Manimekhalai has completed her tenure as the Managing Director and Chief Executive Officer of the bank. Her term concluded on June 2, 2025, and she officially ceased to be a Director with effect from June 3, 2025. The bank made the announcement in accordance with Regulation 30 and Clause 7 of Para A of Part A of Schedule III of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The official communication was made via a letter to the stock exchanges by the company secretary, Mangesh Mandrekar. Union Bank of India confirmed the update for investor awareness and regulatory compliance. The bank has not yet announced a successor for the position. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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Business Standard
14-05-2025
- Business
- Business Standard
New FD from Union Bank offers 6.75% Interest + Free Rs 5 lakh health cover
Union Bank of India has launched an innovative term deposit product titled 'Union Wellness Deposit', aimed at offering a dual benefit of wealth creation and health protection for its retail customers. Designed specifically for resident individuals aged between 18 and 75 years, the Union Wellness Deposit scheme integrates a fixed deposit with a complementary 375-day Super Top-up Health Insurance cover and lifestyle benefits via a RuPay Select Debit Card. For joint accounts, the insurance cover will be applicable only to the primary account holder. Key features of the scheme include: Minimum deposit amount: Rs 10 lakh Maximum deposit amount: Rs 3 crore Fixed tenure: 375 days Interest rate: 6.75% per annum (with an additional 0.50% interest for senior citizens) Health insurance cover: ₹5 lakh Super Top-up with cashless hospitalization Additional features: Premature closure option and loans against the deposit A distinctive feature of this product is the inclusion of a 375-day Super Top-up Health Insurance cover, offering a sum insured of Rs 5 lakh with cashless hospitalization facilities. 'The launch of the Union Wellness Deposit reflects our ongoing commitment to delivering innovative and premium banking experience to our valued customers. As the first-of-its-kind offering, this product combines wealth creation with a range of health care benefits," said A. Manimekhalai, Managing Director and CEO of Union Bank of India.
