UCOBANKBSEUCO BankMediumNeutral
Announced Thu, 14 May · 11:54 IST

Shri Hari Har Mishra has been nominated on the Board of UCO Bank as Director of the Bank in place of Shri Sudhir Shyam w.e.f.13.05.2026

Management Changes View source PDF

UCOBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹25.53
prior close
₹25.49
base price
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-0.0-0.1-0.1+0.5-1.3-3.4-3.1-3.8-2.9+0.2-0.9+2.6+2.4
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AI summary

The Central Government has nominated Shri Hari Har Mishra as Director on the Board of UCO Bank, replacing Shri Sudhir Shyam, effective 13 May 2026. This nomination was made under Section 9(3)(b) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Hari Har Mishra currently serves as Additional Secretary in the Ministry of Finance's Department of Financial Services. Shri Sudhir Shyam has ceased to be a Director with effect from the same date. The Bank confirms the new nominee is not debarred from holding the Director's office by SEBI or any other authority. As a government nominee, the appointment is effective 'until further orders' rather than for a fixed term.

Likely market impact

Routine board change for a public sector bank reflecting government appointment authority; does not indicate any governance concerns or operational changes. Shareholders should note this is a standard government nominee replacement.