UCO Bank has appointed Rajesh Kumar Ailawadi as a Shareholder Director, with effect from 8 March 2026 and a term through 9 January 2028. The bank notes that he is not debarred from holding the office by any regulator and will join the board as a non-executive director, strengthening governance with an experienced governance professional aboard.
Ailawadi arrives from the Life Insurance Corporation of India, where he retired as Executive Director (Legal) on 31 December 2025. Over a 37-year career at LIC, he held diverse assignments across marketing, personnel and industrial relations, estates and legal functions, building a broad base of administrative and governance expertise. He holds a Bachelor of Science from Kirori Mal College and a Bachelor of Laws from Campus Law Centre, both affiliated with the University of Delhi.
His appointment signals UCO Bank’s emphasis on legal acumen and governance at the board level as it navigates strategy, risk and regulatory considerations. The bank’s filing also indicates that he is not related to any of the bank’s directors and will serve his term until 9 January 2028, reflecting the structured rotation of shareholder-director representation.