UCO Bank has extended the tenure of its Executive Director, Vijaykumar Nivrutti Kamble, until March 31, 2027. The extension aligns with his date of superannuation or until further orders, whichever is earlier.

Regulatory Notification

The Central Government issued the notification on September 23, 2026, exercising powers under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. This action follows the expiry of Mr. Kamble's previously notified term, which was set to end on October 8, 2026. The decision was communicated to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Extension

The bank confirmed that the extension is effective immediately from the date of the notification. The Central Government's order supersedes the earlier term limit, ensuring continuity in the executive leadership structure during the remaining period of the fiscal year and into the next.

UCO Bank disclosed on September 10, 2026, that it has received a strike notice from the United Forum of Bank Unions (UFBU). The union plans industrial action from September 28 to September 30, followed by a continuous strike starting October 26.

The bank informed the National Stock Exchange of India Ltd and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was signed by Vikash Gupta, Company Secretary.

Strike Timeline and Demands

The UFBU represents seven constituent unions: AIBEA, AIBOC, NCBE, AIBOA, BEFI, INBOC, and INBEF. The notice cites various issues and demands as the basis for the proposed action.

The bank noted that while it has taken necessary steps to ensure continuity of operations, branch and office functioning may be affected if the strike materialises.

What the Numbers Show

The strike notice references an initial date of September 11, 2026, before specifying the actual strike period beginning September 28. This discrepancy suggests a potential administrative error in the union's communication or a shift in strategy between the initial notice and the final decision.