StockWatch
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Public Sector Bank
Management Change19 Jun 2026, 07:50 pm

UCO Bank: ED Rajendra Kumar Saboo given additional charge of MD & CEO

AI Summary

Shri Rajendra Kumar Saboo, Executive Director of UCO Bank, has been assigned the additional charge of Managing Director & Chief Executive Officer. This appointment by the Department of Financial Services, Ministry of Finance, is effective from June 1, 2026, following the completion of Shri Ashwani Kumar's term. Shri Saboo will hold this additional responsibility until August 31, 2026, or until a regular incumbent is appointed, whichever is earlier. Shri Saboo brings extensive banking experience from various roles, including leadership positions in treasury, international banking, digital banking, and strategic management.

Key Highlights

  • Executive Director given additional charge of MD & CEO.
  • Appointment is temporary, till August 31, 2026 or regular appointment.
  • Shri Saboo has a strong banking background with diverse experience.
  • Government of India's Department of Financial Services made the assignment.