New Delhi: Central Government has nominated Dr Sanjay Kumar as Director on the Board of UCO Bank on Thursday. In a regulatory filing to the stock exchange, UCO Bank informs that Kumar has been nominated on the board of the bank in place of Anand Madhukar with immediate effect and until further orders whichever is earlier. Presently, Dr Kumar is serving as Director in the Department of Financial Services under the Ministry of Finance.
Dr Kumar belongs to the 2003 batch of Indian Post & Telecom Accounts and Finance Service. He has joined the Department of Financial Service as Director on September 21, 2017. Prior to joining this Department of Financial Service, he worked in the Department of Telecommunication (DoT) and Department of Post (DoP). In DoT, He dealt with the works related to Spectrum Usage Charges, License Finance and Universal Service Obligation Fund in various capacities. In DoP, as Internal Finance Advisor and Director Accounts, dealt with the works related to Finance advice, Accounts, Budget and Internal audit.
Dr Kumar has been on the Board of Syndicate Bank, as a Government Nominee Director, from April 05, 2018, till March 31, 2020. He was also a member of the disciplinary committee constituted by the Council of the Institute of Actuaries of India.
UCO Bank is a public sector bank, formerly known as United Commercial Bank, established in 1943 in Kolkata. Based on 2014 data, it is ranked 1860 on the Forbes Global 2000 List. UCO Bank was ranked 294th among India's most trusted brands according to the Brand Trust Report 2014, a study conducted by Trust Research Advisory. It was a rise of 796 ranks considering it was listed at the 1090th position among India's most trusted brands in the Brand Trust Report 2013. As of 30 March 2017 the bank had 4,000 plus service units 49 zonal offices spread all over India. It also has two overseas branches in Singapore and Hong Kong. UCO Bank's headquarters is on BTM Sarani, Kolkata.
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