Key Details
General Insurance Corporation of India (GIC) informs that Shri Ashwani Kumar (DIN: 10344636) has ceased to be a Non-Executive Director on the Board of the Corporation effective 31st May 2026. This cessation is due to the completion of his tenure as Managing Director & CEO of UCO Bank on 31st May 2026.
Background and Appointment
Shri Ashwani Kumar was originally appointed to the GIC Board by the Ministry of Finance via Letter No. F. no. A-l1011/03/2025-Ins.I dated 30th July 2025. His appointment was for a period of three years, or until the date of his tenure as MD & CEO of UCO Bank, or until further orders, whichever occurred earliest.
Impact and Acknowledgement
The Corporation has placed on record its appreciation for the valuable contribution and guidance provided by Shri Ashwani Kumar during his tenure on the Board. The disclosure does not quantify any financial or operational impact resulting from this cessation.
Regulatory and Administrative Details
- Reference No.: GIC-HO/BOARD/SE-DIR-2/64/2026-27