Goel replaced Mr. RK Takkar, who completed his tenure of three years as MD and CEO on November 1, 2018.
He started his carrier as Chartered Accountant in Allahabad Bank in 1992 and worked various segments including corporate credit, foreign exchange and treasury, it said.
Earlier in May, the RBi had initiated a 'Prompt Corrective Action' against UCO Bank for high bad loans and negative return on assets. The move will place various restrictions on the public sector lender including on fresh loans and dividend distribution.
"Reserve Bank of India (through a letter dated May 5) has initiated Prompt corrective Action for UCO Bank in view of high net NPA and negative RoA (return on assets)," UCO Bank said.
The gross non-performing assets (NPAs) or bad loans of the bank grew to 17.12% of gross advances at the end of 2016-17, from the earlier 15.43%. Earlier this week, the RBI had initiated a similar action in case of IDBI Bank.
The UCO Bank further said these measures 'aim at improving' performance of the bank and strengthening internal controls of the Bank.