UCO Bank has appointed Sumit Khandelwal as its new Chief Financial Officer (CFO), effective immediately.
At 48, Khandelwal brings over 15 years of rich experience in the banking sector. His promotion comes at a time when the bank is expanding its national and global footprint.
From Zonal Head to CFO: A Long Climb
Before becoming CFO, Sumit Khandelwal was the Zonal Head in New Delhi. He’s served in key roles across corporate branches, zones, and departments of the bank. This isn’t a parachute promotion. It’s a rise built on real field work and smart decisions.
And let’s not forget his credentials:
- Bachelor’s in Commerce
- Bachelor’s in Law
- Chartered Accountant
- Cost Accountant
- Certified Associate of the Indian Institute of Banking and Finance (CAIIB)
Basically, if there’s a financial qualification in India worth having—Khandelwal probably has it.
UCO Bank: Still Going Strong
As of March 31, 2025, UCO Bank operates:
- 3,302 domestic branches
- 2 overseas branches (Hong Kong and Singapore)
- 1 representative office in Iran
- 2,522 ATMs
- 10,653 Business Correspondent (BC) points
With over 16,480 customer touchpoints—61% in rural and semi-urban areas—the bank isn’t just surviving; it’s growing in places most banks won’t touch.
Looking Ahead
The next chapter for UCO Bank will likely focus on digital growth and financial inclusion. With someone like Khandelwal at the financial helm, expect tight ship management and maybe a bit more punch in profitability.
If nothing else, we know this: the spreadsheets are in steady hands.
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