UCO Bank has extended the additional charge of Managing Director and Chief Executive Officer to Executive Director Rajendra Kumar Saboo until November 30, 2026. The Department of Financial Services approved the three-month extension on August 25, 2026.

The extension continues Saboo's tenure beyond the initial August 31, 2026 deadline or until a regular incumbent is appointed, whichever occurs earlier. This follows the bank's earlier disclosure on June 19, 2026, regarding the assignment of the additional charge.

Governance Update

The Department of Financial Services, Ministry of Finance, Government of India, conveyed the extension vide letter no. 4/1/2025-BO.1 (Part I). The move ensures continuity in leadership while the search for a permanent MD and CEO proceeds.

Saboo assumed the additional charge previously, with this latest order formalizing the continuation of his role for another quarter. The bank notified the National Stock Exchange of India Ltd and BSE Limited of the development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

UCO Bank Board of Directors approved raising foreign currency funds up to USD 1.00 Billion through its Medium Term Note (MTN) Programme. The approval was granted during the board meeting held on August 24, 2026.

The issuance will be executed in one or more tranches by issuing debt instruments under the existing MTN framework. This move follows the bank’s earlier disclosure on August 19, 2026, regarding the agenda for the board meeting.

Meeting Details

The board meeting commenced at 2:45 pm and concluded at 4:50 pm. The outcome was communicated to the National Stock Exchange of India Ltd and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Vikash Gupta, Company Secretary, signed the notice dated August 24, 2026.