UCO Bank has assigned the additional charge of Managing Director & Chief Executive Officer to Shri Rajendra Kumar Saboo, Executive Director, effective immediately. This follows the vacancy in the position arising from June 1, 2026, after the completion of the term of Shri Ashwani Kumar on May 31, 2026. The appointment was conveyed by the Department of Financial Services, Ministry of Finance, Government of India, via a letter dated June 19, 2026.

Shri Rajendra Kumar Saboo will hold the additional charge until August 31, 2026, or until the appointment of a regular incumbent, or until further orders, whichever is earlier. The bank disclosed this information in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of Shri Rajendra Kumar Saboo

Shri Rajendra Kumar Saboo assumed the charge as Executive Director of uco bank on November 21, 2022. He began his career as a Probationary Officer in the erstwhile Oriental Bank of Commerce in 1994 and has extensive experience in field and administrative roles. He has served as Branch Head, Regional Head, and Cluster Head at various locations.

Before joining UCO Bank, Shri Saboo was the Chief General Manager in Punjab National Bank, heading Strategic Management, Economic Advisory, MIS, and Data Analytics. He is a Post Graduate in Commerce, holds an MBA in Banking and Finance, and is a Certified Associate of Indian Institute of Bankers (CAIIB).

Appointment Details

The following table outlines the key details of the appointment:

The bank confirmed that Shri Rajendra Kumar Saboo is not debarred from holding the office of Director by any SEBI order or other regulatory or statutory authority.

The President of India, acting as the promoter of uco bank , held 11,404,910,524 equity shares amounting to a 90.95% stake in the bank as on March 31, 2026. The bank disclosed that the promoter, along with persons acting in concert, did not create any encumbrances on these shares directly or indirectly throughout the financial year 2025-26.

This annual disclosure was submitted to the National Stock Exchange of India Ltd. and BSE Limited in compliance with Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirms the promoter's holding status and the absence of any share pledging or similar activities during the specified period.

The following table details the shareholding structure as of the disclosed date:

Vikash Gupta, Company Secretary of UCO Bank, signed the disclosure on behalf of the bank on April 6, 2026.