The Government of India has assigned the additional charge of Managing Director (MD) and Chief Executive Officer (CEO) of UCO Bank to Executive Director Rajendra Kumar Saboo following the vacancy in the top position.
According to an order issued by the Department of Financial Services (DFS), Ministry of Finance, the post of MD & CEO of UCO Bank became vacant from June 1, 2026, after the completion of the tenure of Ashwani Kumar on May 31, 2026.
To ensure smooth functioning of the bank, the government has entrusted the additional responsibility of MD & CEO to Rajendra Kumar Saboo, who is currently serving as the Executive Director of UCO Bank. He will hold the additional charge until August 31, 2026, or until a regular MD & CEO is appointed, or until further orders are issued by the government, whichever is earlier.
With this move, Rajendra Kumar Saboo will oversee the overall management and strategic functioning of UCO Bank in addition to his existing responsibilities as Executive Director.
How will new MD&CEO be appointed?
To appoint a new MD&CEO, FSIB will release a vacancy notification and applications will be invited from all eligible candidates. After this, FSIB will conduct interviews of the candidates and the final name will be recommended to the government. The government will review the recommendation by FSIB and appoint the selected candidate as new MD&CEO of UCO Bank.
This process is followed not only for UCO Bank but also for appointment of MD&CEOs of all other public sector banks.
