UCOBANKNSEUCO Bank· BanksMediumNeutral
Announced Thu, 14 May · 11:46 IST

UCO Bank has informed the Exchange regarding Appointment of Mr.Hari Har Mishra as Non- Executive Director(GOI Nominee Director) on the Board of the UCO Bank w.e.f. May 13, 2026 in place of Shri Sudhir Shyam

Management Changes View source PDF

UCOBANK · price

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Price reaction · full curve 14 horizons · vs prior close
-1.3%1-day move
₹25.53
prior close
₹25.46
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AI summary

UCO Bank has announced a board change effective May 13, 2026. The Central Government, under clause (b) of sub-section (3) of section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, has nominated Shri Hari Har Mishra as Non-Executive Director on the Board. He replaces Shri Sudhir Shyam who ceases to be a Director from the same date. Hari Har Mishra currently serves as Additional Secretary to the Government of India in the Ministry of Finance, Department of Financial Services. The appointment is with immediate effect and until further orders. The Bank has confirmed that the new director is not debarred from holding the office by SEBI or any other authority, and he is not related to any existing Directors.

Likely market impact

This is a routine government nominee change for a Public Sector Undertaking bank and is unlikely to have any material impact on the stock. It reflects the normal rotation of government nominees on PSU bank boards.