UCO Bank has informed the Exchange regarding Cessation of Mr. Shashi Kant Kumar as CRO of the Bank w.e.f. April 14, 2026.
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UCO Bank has announced a change in its Chief Risk Officer (CRO) position effective April 14, 2026. Mr. Shashi Kant Kumar, who served as CRO, has been relieved from this role and assigned a new position as Zonal Head, Mumbai. He is being replaced by Mr. Rajeev Gupta, who has over 29 years of banking experience and previously served as General Manager. Mr. Rajeev Gupta holds qualifications including MBA in Finance and certifications in Treasury, Investment and Risk Management. This change has been disclosed under SEBI Regulation 30 (Listing Obligations) and the appointment was made following regulatory requirements with a complete profile submission.
The resignation of a senior risk management executive like the CRO typically signals a change in risk governance at the bank. While Mr. Kumar has been reassigned internally rather than leaving the organisation, the departure from a KMP-level position may raise questions about risk management continuity and leadership stability, particularly for a public sector bank.