Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, UCO Bank informed that in exercise of the powers conferred by clause (a) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, Central Government appointed Shri Ashwani Kumar (DoB- 02.09.1969),Executive Director, Indian Bank as Managing Director & Chief Executive Officer (MD & CEO) in UCO Bank for a period of three years with effect from the date of the assumption of office on or after 01.06.2023 or until further orders whichever is earlier vide GOI Notification eF.No.4/3/2022- BO.I dated 31.05.2023 Shri Ashwani Kumar assumed office of Managing Director and Chief Executive Officer of UCO Bank on 01.06.2023 in place of Shri Soma Sankara Prasad who demitted the office on May 31, 2023. Shri Ashwani Kumar is a Chartered Accountant, Post Graduate in Commerce and also a certified member of Indian Institute of Banking and Finance. He has more than two decades of rich experience in banking.

Shri Ashwani Kumar rose through the ranks serving in various Public Sector Banks such as Bank of Baroda, Corporation Bank, Oriental bank of Commerce, Punjab National Bank and Indian Bank. His experience includes Wholesale Banking Division and Head of several Branches including Industrial Finance Branches and Large Corporate Branches. As a General Manager, he was heading Mid Corporate and Large Corporate verticals.

He has served as a Zonal Manager, heading various Zones and also as the Chief Financial Officer (CFO). As an avid learner, he has attended various training programs in premier institutes in India and abroad including IIM and CAFRAL. He has also completed the Leadership Development Programme of IIM Bangalore, curated by the Banks Board Bureau in consultation with IBA and Egon Zehnder International Pvt.

Ltd. Prior to joining UCO Bank as MD & CEO, he was Executive Director of Indian Bank.