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Central Government Removes Union Bank ED Pankaj Dwivedi, Reassigns Him to Punjab & Sind Bank

The cancellation responds to a court petition over his inadequate vigilance vetting after a sexual harassment chargesheet was filed

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Pankaj Dwivedi removed as Union Bank Executive Director, reassigned to Punjab & Sind Bank
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Overview

  • Union Bank’s regulatory exchange filing stated that the Centre’s June 24 order cancelled Dwivedi’s Executive Director appointment with immediate effect.
  • He has been directed to resume his previous post as general manager at Punjab & Sind Bank, where he served before March 2024.
  • His March 27, 2024 appointment was meant to span three years; it proceeded without mandatory Central Vigilance Commission clearance.
  • A public interest litigation filed in August 2024 challenged the posting over a 2018 sexual harassment chargesheet.
  • The Delhi High Court had flagged procedural lapses and transparency concerns in his elevation during ongoing legal scrutiny.