In an unprecedented move, the central government has removed Pankaj Dwivedi from the position of Executive Director (ED) at Union Bank of India.
According to a notification issued by the Department of Financial Services on June 24, 2025, the government cancelled Pankaj Dwivedi’s appointment with immediate effect and directed his reversion to the post of General Manager in Punjab & Sind Bank, where he had previously served.
This marks a rare instance of a serving ED-level official being demoted to the rank of General Manager. Dwivedi was appointed as ED at Union Bank for a three-year term on March 27, 2024.
While the official communication did not specify reasons for the government’s decision, media reports point to a pending sexual harassment chargesheet against Dwivedi. In August 2024, the Delhi High Court, while hearing a public interest litigation (PIL) challenging his elevation, had questioned the appointment in light of the unresolved allegations.
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