New Delhi — Public sector lender UCO Bank has appointed Neeraj Daporkar as its new Chief Compliance Officer (CCO), effective immediately, in a move aimed at reinforcing its regulatory and governance framework.
The appointment, approved by the bank’s Board of Directors, was disclosed to stock exchanges in compliance with Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Daporkar succeeds Ravi Shankar Narayan, who has been reassigned to another role within the organization.
Focus on Compliance and Risk Management
The leadership transition comes as Indian banks face increasing regulatory scrutiny and evolving compliance requirements. As Chief Compliance Officer, Daporkar will be responsible for:
- Ensuring adherence to regulatory guidelines
- Strengthening internal control systems
- Enhancing enterprise-wide compliance frameworks
- Supporting the bank’s broader risk management strategy
His role will be critical in aligning the bank’s operations with directives from the Reserve Bank of India and other regulatory bodies.
Professional Background and Qualifications
Daporkar brings more than 19 years of experience within UCO Bank, having worked across a wide range of operational and strategic functions.
His academic and professional credentials include:
- Postgraduate degree in Information Technology
- Bachelor’s degree in Computer Science & Engineering
- Certified Associate of the Indian Institute of Bankers (CAIIB)
He has also completed multiple specialized certifications from the Indian Institute of Banking and Finance, covering:
- International Trade Finance
- Foreign Exchange Operations
- Treasury Management
- Cybercrime and Fraud Prevention
- International and Corporate Banking
- Customer Service and Banking Standards
- Diploma in Information System Audit (DISA)
Diverse Banking Experience
Over the course of his career, Daporkar has held roles across:
- Domestic and overseas branch operations
- Zonal and corporate offices
- Large corporate banking branches
- Core banking and international banking divisions
His exposure to global banking operations and technology-driven systems is expected to strengthen UCO Bank’s compliance architecture and risk controls.
Strengthening Governance in a Regulated Environment
The appointment signals UCO Bank’s continued emphasis on strong governance practices amid a tightening regulatory landscape. With increasing focus on transparency, risk mitigation, and compliance discipline, the role of the Chief Compliance Officer has become central to banking operations.
Bottom Line
By appointing Neeraj Daporkar as Chief Compliance Officer, UCO Bank is reinforcing its commitment to regulatory compliance, operational integrity, and long-term financial stability—key priorities for public sector banks navigating a complex and evolving financial environment.