Rajendra Kumar Saboo has been given the additional charge of managing director and CEO at UCO Bank.

Saboo, who is executive director at the state-owned bank, is filling up the new post temporarily, after it was left vacant following completion of Ashwani Kumar’s tenure as MD & CEO on 31 May.

In a regulatory filing, UCO Bank said Saboo will hold the position until 31 August, or until a regular incumbent is appointed, or until further orders, whichever is earlier.

Saboo gets into his new role with effect from 19 June.

“We hereby inform that the Department of Financial Services, Ministry of Finance, Government of India, has conveyed the assignment of additional charge of the post of MD and CEO of UCO Bank to Rajendra Kumar Saboo,” the state-owned lender said.

Saboo joined UCO Bank as executive director in November 2022. He started his career as a probationary officer with the erstwhile Oriental Bank of Commerce in 1994 and has held various field and administrative roles, including branch head, regional head and cluster head.

Before joining UCO Bank, he served as chief general manager at Punjab National Bank, where he headed strategic management, economic advisory, MIS and data analytics functions. During his banking career, he has also handled treasury, international banking, digital banking and wealth management businesses.