UCO Bank has informed the Exchange regarding Appointment of Mr Sumit Khandelwal as Chief Financial Officer of the bank w.e.f. Jun 02, 2025.

Management Changes View source PDF Explain this filing

UCOBANK · price

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹34.22

prior close

₹34.40

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.9% vs market

Public Sector Bank peers, median of 11sector-1.1%+0.3% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 0.3 pts more than its Public Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

-0.8+0.1-0.9-1.1+0.3

Next day

-0.9+0.6-1.6-0.5-0.4

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-3.0+3.3-6.3+0.7-3.7

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Public Sector Bank peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

UCO Bank has appointed Mr. Sumit Khandelwal as its new Chief Financial Officer with effect from June 2, 2025, replacing Mr. Sujoy Dutta. The change is on administrative grounds. Mr. Khandelwal, aged 48, is a qualified Chartered Accountant, Cost Accountant, and CAIIB with over 15 years of banking experience. He previously served as Zonal Head, New Delhi, and holds a General Manager rank within the bank. The disclosure was made under SEBI Listing Regulations, with an Annexure providing his detailed profile.

Likely market impact

This is a routine internal leadership change at a public sector bank and is unlikely to materially affect shareholders or the stock price. Mr. Khandelwal's strong finance qualifications and internal experience suggest continuity in financial reporting and strategy.