Mumbai: Union Bank of India has appointed Dr Shiv Dayal as a Part-Time Non-Official Director on its Board for a tenure of three years, with effect from 3 November 2026.
In a regulatory filing dated 4 November 2026, the bank said the Central Government had nominated Dr Dayal through a notification issued on 3 November. The appointment has been made under clause (h) of sub-section (3) of Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.
His tenure will run until 2 November 2029, or until further orders, whichever is earlier.
Educational and professional background
Dr Shiv Dayal holds M.Phil. and Ph.D. degrees in Economics and has more than 25 years of teaching experience. He has taught undergraduate and postgraduate students at Government Post-Graduate College, Chamba.
He has authored a book titled Dimension & Dynamics of Poverty in India. He has also written more than 50 books for school-level courses affiliated with CBSE, HPBSE and HBSE, as well as college-level courses at Himachal Pradesh University.
No relationship with existing directors
Union Bank of India stated that Dr Dayal does not have any relationship with the bank’s existing directors.
The bank disclosed the appointment under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the BSE and the National Stock Exchange of India.
