UCO Bank Appoints Shri Hari Har Mishra as Director, Replacing Shri Sudhir Shyam
UCO Bank announced a change in its Board of Directors, with the Central Government nominating Shri Hari Har Mishra as Director in place of Shri Sudhir Shyam, effective 13.05.2026, vide Notification eF.No.6/2(iv)/2022-BO.I. The appointment is with immediate effect and until further orders under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. Shri Hari Har Mishra is presently serving as Additional Secretary to the Government of India in the Ministry of Finance, Department of Financial Services. The disclosure was made pursuant to Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
*this image is generated using AI for illustrative purposes only.
UCO Bank has informed the stock exchanges of a change in the composition of its Board of Directors, pursuant to Regulation 30 and 51 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Central Government, exercising powers conferred by 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 Director on the Board, replacing Shri Sudhir Shyam with immediate effect and until further orders.
Board Composition Change
The appointment was made vide Notification eF.No.6/2(iv)/2022-BO.I dated 13.05.2026. Consequently, Shri Sudhir Shyam ceased to be a Director on the Board of the Bank with effect from 13.05.2026. The disclosure was communicated to the exchanges on 14.05.2026 by Company Secretary Vikash Gupta.
The key details of the board change, as prescribed in the SEBI Master Circular dated 11 July, 2023, are summarised below:
| Parameter: | Details |
|---|---|
| Reason for Change: | Central Government nomination of Shri Hari Har Mishra in place of Shri Sudhir Shyam |
| Date of Appointment: | 13.05.2026 |
| Term of Appointment: | With immediate effect and until further orders |
| Notification Reference: | eF.No.6/2(iv)/2022-BO.I dated 13.05.2026 |
| Brief Profile: | Additional Secretary to the Government of India, Ministry of Finance, Department of Financial Services |
| Relationship with Other Directors: | Not related to any of the Directors of the Bank |
| SEBI Debarment Status: | Not debarred from holding the office of Director by any order of SEBI or any other authority |
Profile of Incoming Director
Shri Hari Har Mishra is presently serving as Additional Secretary to the Government of India in the Ministry of Finance, Department of Financial Services. UCO Bank has confirmed that he is not debarred from holding the office of Director by virtue of any order passed by SEBI or any other authority. Additionally, Shri Hari Har Mishra is not related to any of the existing Directors of the Bank.
Cessation of Outgoing Director
Shri Sudhir Shyam has ceased to be a Director on the Board of UCO Bank consequent upon the nomination of Shri Hari Har Mishra, with effect from 13.05.2026. The disclosure was made in compliance with the applicable SEBI listing regulations and the SEBI Master Circular dated 11 July, 2023.
Historical Stock Returns for UCO Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.07% | -5.08% | -1.20% | -16.88% | -17.74% | +100.00% |
How might Shri Hari Har Mishra's background in the Ministry of Finance's Department of Financial Services influence UCO Bank's strategic direction, particularly regarding government-backed lending initiatives or capital infusion plans?
Could this board change signal a shift in the Central Government's policy priorities for UCO Bank, such as accelerating its privatization prospects or expanding its role in priority sector lending?
What impact might this leadership transition have on UCO Bank's ongoing efforts to improve its asset quality and reduce non-performing assets, given the new director's regulatory oversight experience?
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