A Manimekhalai has been appointed as the new managing director and chief executive officer (MD & CEO) of Union Bank of India for a period of three years, the government announced on June 2.
Before this, Manimekhalai was executive director at Canara Bank. After Vijaya Bank was merged with the Bank of Baroda in 2019, the government appointed Maninemkhalai as an executive director at Canara Bank for three years. Later, her tenure was extended by two years in August last year.
She started her career in 1998 with Vijaya Bank, where she held various leadership roles, including General Manager, Branch Head, Regional Head and Functional Head of various departments at the lenders’ corporate office.
Her services at Vijaya Bank and Canara Bank facilitate the banks with the policymaking, strategic planning, setting organisational goals, and liaising with regulatory authorities. She was optimal in driving business growth and effective bank loan management and conceptualising, designing & launching various retail loans & deposit products.
Manimekhalai has done a Master of Business Administration (MBA) in marketing from Bangalore University. Along with this, she has also cracked the Certified Associate of India Institute of Bankers (CAIIB) exam, a premium test conducted by the Indian Institute of Banking and Finance.
Moreover, she led various marketing companions and worked on implementing a risk-based supervision system at Vijaya bank.
Manimekhalai appointment at Union Bank of India comes at a time when there is a severe lack of female representatives in the banking industry, and the overall participation of women in the workforce is going down.
Now, it is to see what changes she will bring to the Union Bank of India within her responsibilities.