The Financial Services Institutions Bureau (FSIB) has suggested that Ashwani Kumar, an executive director at Indian Bank, be appointed as the 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 PSBs for the role of MD & CEO. The final decision on the appointment will be made by the Appointments Committee of the Cabinet led by Prime Minister Narendra Modi.
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The FSIB is led by Bhanu Pratap Sharma, the former secretary of the Department of Personnel and Training (DoPT), along with Animesh Chauhan, former chairman and MD of Oriental Bank of Commerce, Deepak Singhal, a former executive director at the Reserve Bank of India, and Shailendra Bhandari, the former MD of ING Vysya Bank.
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