The Financial Services Institutions Bureau (FSIB) has recommended the name of Indian Bank Executive Director Ashwani Kumar for the post of Managing Director of UCO Bank. Kumar has previously held positions at several other public sector banks, including Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, and Punjab National Bank (PNB).
The FSIB interviewed 11 candidates from various public sector banks (PSBs) for the post since incumbent MD & CEO Soma Sankara Prasad is completing his tenure on May 31, 2023.
The final decision on the appointment will be made by the Appointments Committee of the Cabinet led by Prime Minister Narendra Modi.
