UCO Bank has informed the Exchange regarding Appointment of Mr.Rajesh Kumar Ailawadi as Shareholder Director of the company w.e.f. March 08, 2026.
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UCO Bank has appointed Mr. Rajesh Kumar Ailawadi as a Shareholder Director on its board, effective March 8, 2026. He will hold this position until January 9, 2028. He was elected under Section 9(3)(i) of the Banking Companies (Acquisition and Transfer of Undertakings) Act 1970. Mr. Ailawadi is a retired Executive Director (Legal) from LIC with over 37 years of experience across marketing, personnel, legal, and administrative functions. The bank confirmed he is not debarred from holding a directorship by any SEBI or other authority order.
This is a routine board appointment with no material impact on the bank's operations or financials. Shareholders may note the addition of an experienced insurance and legal sector veteran to the board, which could strengthen governance and oversight.