A recent press report said that Public sector lender UCO Bank has announced the appointment of Mr. R Chandrasekharan as the new executive director for the bank.
Mr. R Chandrasekharan has a banking experience of about 35 years; he has worked across different segments of banking operations. He started his career as probationary officer of Indian Overseas Bank in the year 1976. Before holding his current post with UCO Bank, he was working as general manager of IOB in the Delhi region.
Union Bank is one of the largest state-owned banks in the country. The began its international expansion in 2007 with the opening of representative offices in Abu Dhabi, United Arab Emirates, and Shanghai, Peoples Republic of China, Hong Kong, Sydney, Australia etc. Its lending portfolio includes home loan, personal loans, vehicle loan, education loan, business loan etc. UBI began its international expansion in 2007 with the opening of representative offices in Abu Dhabi, United Arab Emirates, and Shanghai, Peoples Republic of China. The next year, UBI established a branch in Hong Kong, its first branch outside India. In 2009, UBI opened a representative office in Sydney, Australia.