UCO Bank has announced the appointment of Mr. Rajesh Kumar Ailawadi as a shareholder director, effective from 8 March 2026. Mr. Ailawadi will serve in this capacity until 9 January 2028, according to the official communication from the bank.
Mr. Ailawadi brings a wealth of experience to the role, having retired as Executive Director (Legal) from the Life Insurance Corporation of India on 31 December 2025. He holds a Bachelor of Science degree from Kirori Mal College and a Bachelor of Laws degree from Campus Law Centre, both under the University of Delhi. His career spans over 37 years at LIC, where he gained extensive experience in various functional areas including marketing, personnel and industrial relations, estates, and legal affairs.
The bank has confirmed that Mr. Ailawadi is not debarred from holding the office of director by any SEBI order or any other authority. Furthermore, he is not related to any of the current directors of UCO Bank.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aman Shukla before publication.