UCO Bank Announces Change in MD & CEO Tenure
UCO Bank confirmed the conclusion of the tenure of Shri Ashwani Kumar as Managing Director and Chief Executive Officer (MD & CEO) of the bank. The CEO had been appointed for a period of three years vide a Government of India notification dated May 31, 2023.The bank stated that Shri Ashwani Kumar ceased his role as MD & CEO upon the successful completion of his designated tenure.
The details regarding the change in the bank's management composition were provided, indicating that the cessation of duties was due to the completion of his service period.
The key details related to the change are as follows:
| Reason for Change | Date of Cessation |
|---|---|
| Completion of tenure | May 31, 2026 |
UCOBANK Stock Price Movement
As of 11:09 AM, shares of UCO Bank are slipping by 0.32% in live trading, currently at ₹25.13. The stock is seeing notable intraday activity, trading today on a volume of 1.33 million shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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