Union Bank of India and Oriental Bank of Commerce, two well known public sector lenders will have new Chairman and Managing Director, as the present ones are set to retire in 2012.

Mr. D. Sarkar will assume the position of CMD at Union Bank of India in April. At present, he is serving at Allahabad Bank in the capacity of Executive Director. He will replace Mr. M. V. Nair.

Oriental Bank of Commerce will have Mr. S. L. Bansal as CMD; he will start working at his new job of responsibility from March 1. At present, he is serving at United Bank of India in the capacity of Executive Director.