Union Bank of India has announced the appointment of Dr. Debasish Prusty as the Government Nominee Director, effective May 13, 2026. Dr. Prusty, an Indian Administrative Service officer, brings over 26 years of expertise in public finance, sustainable development, and environmental governance to the bank’s board. He succeeds Shri Rohan Chand Thakur and will serve until further orders.
Leadership Transition
The Union Bank of India board welcomes Dr. Debasish Prusty as the new Government Nominee Director. His appointment, confirmed by the Central Government, became effective on May 13, 2026. Dr. Prusty takes over the position from Shri Rohan Chand Thakur and is expected to serve in this capacity until further notice.
Professional Background and Expertise
Dr. Prusty currently serves as the Additional Secretary in the Department of Financial Services under the Union Ministry of Finance. With a career spanning more than 26 years, he possesses extensive experience in policy design and implementation, specifically in the domains of Public Finance, Sustainable Development, and Urban Governance.
Strategic Experience
His impressive track record includes significant contributions to international platforms. Notably, he played a vital role in the 2015 launch of the International Solar Alliance (ISA) while serving in the Climate Change division of the Ministry of Environment, Forest and Climate Change. Furthermore, he has represented India in international climate negotiations under the UNFCCC and served on its standing committee on Finance in 2016.
Educational Credentials
Dr. Prusty holds a Doctor of Philosophy from the Management Department of Manipal University Jaipur and a Master of Philosophy in Environmental Sciences from Jawaharlal Nehru University, Delhi. Additionally, he has received specialized training from the International Monetary Fund (IMF) focusing on finance for macro-economists. The bank has confirmed that he holds no prior relationship with the existing board members and is fully eligible for his new role.
Source: BSE
