Soma Sankara Prasad

Non-Executive Independent Director

Soma Sankara Prasad is on the Board of the Bank since January 15, 2025.

Soma Sankara Prasad has led UCO Bank as MD & CEO, successfully transforming the bank's fortunes during his tenure. With 38 years of experience in the banking sector, he has held key roles at State Bank of India, including Deputy Managing Director and Group Compliance Officer.

His career spans diverse areas such as Retail Banking, Treasury Operations, Corporate Credit, International Banking, areas relating to IT and Regulatory Compliance within SBI, India's largest bank. Additionally, he has served as MD & CEO of SBI Pension Funds Pvt Ltd and as CFO of SBI General Insurance Company Ltd.

Soma Sankara Prasad has also gained international exposure, spending 4 years as Manager (Credit and Operations) in Paris and nearly 5 years as Country Head of SBI Singapore Operations. Throughout his career, he has adeptly managed relationships with various stakeholders including regulators, shareholders, customers, employees, and the broader society.

He has also held several important positions in the retail segment such as Branch Manager of a semi urban branch as well as a Personal Banking Branch in the Hyderabad Metropolitan area. He was also Regional Manager in Hyderabad controlling around 50 branches. As Regional Manager he was responsible for Business Development, HR, compliance and opening of new branches. He has also worked in rural as well as semi urban branches where he was intimately associated with lending to agriculture and micro lending besides horticulture and small scale industries.

As Dy General Manager (Operations) in the treasury, he was in charge of back-office operations in the largest treasury in India. His other responsibilities included maintenance of CRR/SLR, preparation of financial statements of treasury operations, and handling various types of audit such as statutory audit, RBI audit and internal audit.

He has had experience of working with several regulators in India and abroad such as RBI, IRDAI, PFRDA, Monetary Authority of Singapore and Banque de France.

Currently, he holds directorship in Vertis Fund Advisors Private Limited (formerly known as Highway Concession One Private Limited), Svamaan Financial Services Private Limited National Commodity and Derivatives Exchange Limited and Nippon Life India Trustee Limited.

Soma Sankara Prasad holds a Master’s degree in Commerce from Osmania University (Gold Medalist) and CAIIB.