UCO Bank has announced the assignment of additional charge of Managing Director and Chief Executive Officer (MD & CEO) to its Executive Director, Rajendra Kumar Saboo, according to an exchange filing. The decision comes after the completion of the tenure of former MD & CEO Ashwani Kumar on May 31, which left the top leadership position vacant.
As per the regulatory filing, Saboo will assume the additional responsibilities with effect from June 19, 2026. He will continue in the role until August 31, or until a permanent appointment is made, or until further orders, whichever is earlier. The appointment has been approved following communication from the Department of Financial Services under the Ministry of Finance, Government of India.
Saboo joined UCO Bank as Executive Director in November 2022. He is a seasoned banker with over three decades of experience in the Indian banking sector. He began his career as a probationary officer at the erstwhile Oriental Bank of Commerce in 1994 and has since held several key positions, including branch head, regional head, and cluster head. Before joining UCO Bank, Saboo served as Chief General Manager at Punjab National Bank, where he was responsible for strategic management, economic advisory, management information systems (MIS), and data analytics. Over the course of his career, he has also overseen major banking verticals such as treasury operations, international banking, digital banking, and wealth management.
