UCO Bank has assigned Rajendra Kumar Saboo, Executive Director of the bank, the additional charge of Managing Director & Chief Executive Officer (MD & CEO), ensuring leadership continuity at the public sector lender following the completion of former MD & CEO Ashwani Kumar’s tenure on 31 May 2026.
The appointment became effective from 19 June 2026 after approval and communication from the Department of Financial Services (DFS), Ministry of Finance, Government of India. Saboo will continue to hold the additional responsibility until 31 August 2026, the appointment of a regular MD & CEO, or until further orders, whichever is earlier.
In a regulatory filing, the bank stated, “We hereby inform that the Department of Financial Services, Ministry of Finance, Government of India, has conveyed the assignment of additional charge of the post of Managing Director & Chief Executive Officer of UCO Bank to Shri Rajendra Kumar Saboo, Executive Director, UCO Bank.”
The interim appointment follows the vacancy created after Ashwani Kumar completed his term as MD & CEO on 31 May 2026.
Rajendra Kumar Saboo has been serving as Executive Director at UCO Bank since November 2022. He brings more than three decades of banking experience, having started his career as a Probationary Officer with the erstwhile Oriental Bank of Commerce in 1994.
Over the course of his banking career, Saboo has held several leadership roles across branch operations, administration, treasury, international banking, digital banking, wealth management, and strategic management functions. His previous responsibilities have included positions such as Branch Head, Regional Head, and Cluster Head.
Before joining UCO Bank, he served as Chief General Manager at Punjab National Bank, where he led functions including Strategic Management, Economic Advisory, Management Information Systems (MIS), and Data Analytics.
Saboo also holds a postgraduate degree in Commerce, an MBA in Banking and Finance, and is a Certified Associate of the Indian Institute of Bankers (CAIIB).
The bank further confirmed that Saboo is not debarred from holding the office of Director by any order issued by SEBI or any other regulatory or statutory authority.
UCO Bank is a Government of India-owned public sector bank offering a wide range of banking and financial services across retail banking, corporate banking, MSME financing, treasury operations, international banking, and digital banking segments. The bank operates an extensive branch and ATM network across India and continues to focus on strengthening customer services, digital capabilities, and operational efficiency across its banking ecosystem.
, ensuring leadership continuity at the public sector lender following the completion of former MD & CEO Ashwani Kumar’s tenure on 31 May 2026.){kind=link}