More Stories

Informist, Friday, Jun. 19, 2026

--UCO Bank: Govt appointed Rajendra Kumar Saboo as MD, CEO from Jun 1 

NEW DELHI – The government has assigned the additional charge of UCO Bank Managing Director and Chief Executive Officer to Rajendra Kumar Saboo till Aug. 31 or until the appointment of a regular incumbent to the post. Saboo, currently an executive director at UCO Bank, has been given the addtional charge of MD and CEO of the bank after the retirement of Ashwani Kumar on May 31, the lender informed exchanges Friday.

Saboo has been an executive director of UCO Bank since November 2022. Before joining UCO Bank, Saboo was the chief general manager in Punjab National Bank heading strategic management, economic advisory, and data analytics. Saboo is a Post Graduate in Commerce and holds a Master Degree in Business Administration (Banking and Finance).

For the March quarter, UCO Bank had reported net profit of INR 8.01 billion and total income of INR 73.65 billion. Shares of UCO Bank Friday ended 1.5% lower at INR 27.58 apiece on the National Stock Exchange.  End

Reported by Shubham Rana

Edited by Akul Nishant Akhoury

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.