UCO Bank Assigns Additional MD & CEO Charge to Rajendra Kumar Saboo

UCO Bank has announced that Rajendra Kumar Saboo will take on the additional charge of Managing Director & Chief Executive Officer, marking an important leadership transition for the public sector lender.

The appointment comes after the completion of the tenure of former MD & CEO Ashwani Kumar, with the Department of Financial Services, Ministry of Finance, assigning Saboo the responsibility of leading the bank until a regular appointment is finalized.

Saboo currently serves as Executive Director at UCO Bank and brings extensive banking and financial services experience to the role. Over the years, he has been involved in key operational and strategic initiatives, contributing to the bank’s growth and business performance.

As Acting MD & CEO, he will oversee the bank’s business strategy, operational performance, customer growth initiatives, digital banking efforts, and overall organizational leadership. His appointment ensures continuity in decision-making and governance while the search for a permanent chief executive progresses.

The leadership change comes at a time when public sector banks are increasingly focusing on technology adoption, customer-centric banking, asset quality improvement, and sustainable business growth. Strong leadership remains critical as financial institutions navigate evolving customer expectations and a rapidly changing banking landscape.

With Rajendra Kumar Saboo taking charge, UCO Bank is expected to maintain its focus on strengthening operational efficiency, expanding digital capabilities, and delivering long-term value to customers and stakeholders.