UCO Bank Assigns Interim MD & CEO to Rajendra Saboo

Nature of change: Assignment of additional charge of Managing Director & Chief Executive Officer
Name and details: Shri Rajendra Kumar Saboo (Executive Director)
Effective date: 19th June 2026
Tenure: Until 31st August 2026 or until appointment of regular incumbent, or until further orders, whichever is earlier
Reason for change: Vacancy arising from completion of term of previous MD & CEO Shri Ashwani Kumar on 31st May 2026

Profile and Qualifications:

Assumed charge as Executive Director of UCO Bank on 21st November 2022
Started career as Probationary Officer in Oriental Bank of Commerce in 1994 (28+ years banking experience)
Held positions as Branch Head, Regional Head, and Cluster Head at various locations
Served as General Manager heading Integrated Treasury, International Banking, Digital Banking, and Wealth Management
Previously Chief General Manager at Punjab National Bank heading Strategic Management, Economic Advisory, MIS and Data Analytics
Educational qualifications: Post Graduate in Commerce, MBA (Banking and Finance), CAIIB certified, Advanced Diploma in Management
Completed Leadership Development Program for Senior Management of PSBs through Financial Services Institutions Bureau (FSIB)
Experience across multiple banking domains: Branch Banking, Credit, HR, Treasury

Regulatory Compliance:

Not related to any other directors of the Bank
Not debarred from holding office of Director by virtue of any SEBI order or regulatory/statutory authority
Compliance with BSE circular LIST/COMP/14/2018-19 and NSE circular NSE/CML/2018/02 dated June 20, 2018

Governance Implications:

Interim appointment to ensure continuity of leadership until regular appointment
Previous MD & CEO Shri Ashwani Kumar completed his term on 31st May 2026