UCO Bank announces the completion of tenure for its Managing Director and Chief Executive Officer, Shri Ashwani Kumar, effective 31st May, 2026. Mr. Kumar was appointed for a three-year term on 31.05.2023. The bank has submitted the necessary disclosures regarding this change in its board composition, adhering to regulatory requirements. This marks a transition in the leadership of the public sector bank.
Leadership Transition at UCO Bank
UCO Bank has formally announced a significant change in its leadership. Shri Ashwani Kumar has completed his tenure as the Managing Director and Chief Executive Officer (MD & CEO) of the bank. This cessation of service was effective from 31st May, 2026.
Appointment and Tenure Details
Shri Ashwani Kumar was initially appointed to the esteemed position of MD & CEO for a period of three years. His appointment was formalized vide a Government of India notification dated 31.05.2023. The change in leadership now follows the completion of this stipulated three-year term.
Regulatory Compliance
The bank has provided all the requisite details pertaining to this change in the composition of its board of directors. These disclosures are in line with the applicable regulations and master circulars governing listed entities. The information has been duly submitted to the relevant stock exchanges, namely the National Stock Exchange of India Ltd. and BSE Limited.
Key Information Disclosed
The primary reason for the change in the board composition is the completion of tenure. The effective date for the cessation of Shri Ashwani Kumar’s role as MD & CEO has been confirmed as 31st May, 2026. This information is being shared for the general information and records of all stakeholders.
Source: BSE
