UCO Bank’s New CFO, Sumit Khandelwal, Set to Turn Numbers into Narratives

Image Source: Moneycontrol

UCO Bank has made a noteworthy change in its leadership by appointing Sumit Khandelwal as the new Chief Financial Officer (CFO). This strategic move is set to enhance the bank’s financial management and propel its growth in an ever-changing banking environment.

Key Highlights

Sumit Khandelwal’s Appointment: Sumit Khandelwal, a seasoned banking expert with a solid history in various leadership positions at UCO Bank, has stepped up to take on the role of Chief Financial Officer.
Extensive Experience: Khandelwal brings over ten years of banking experience to the table, having held roles such as General Manager & Zonal Head in New Delhi, Deputy General Manager in the Retail Banking Department, and Branch Head at the flagship corporate branch in Kolkata.
Diverse Skill Set: His expertise covers corporate finance, project evaluation, regulatory compliance, and risk management. He has successfully managed portfolios across various sectors, including infrastructure, telecom, retail, aviation, and NBFCs, overseeing assets worth around ₹5,500 crore.
Academic Credentials: Khandelwal is well-equipped with qualifications in Chartered Accountancy, Cost Accountancy (ICWA), Law (LLB), and advanced banking certifications, giving him a well-rounded understanding of finance and governance.
Leadership Team Strengthening: This appointment is part of UCO Bank’s ongoing strategy to bolster its management team, following recent leadership updates and a commitment to operational excellence.
Strategic Focus: With Khandelwal steering the financial ship, UCO Bank aims to sharpen its financial discipline, elevate compliance standards, and back its expansion and innovation efforts.

“Sumit Khandelwal’s promotion to CFO highlights UCO Bank’s dedication to harnessing internal talent and expertise to tackle the challenges and seize the opportunities in today’s banking landscape.”

This leadership transition comes at a time when UCO Bank is enjoying steady growth, with recent financial reports showcasing strong earnings and impressive revenue performance.

Stakeholders anticipate that Khandelwal’s strategic vision and operational acumen will play a pivotal role in steering the bank towards sustained profitability and stakeholder value.

Source: Simply Wall St, LinkedIn, MarketScreener